Follow Us:
Monday, October 18, 2021

Rs 410 cr collected as VAT, other taxes

From last financial year’s collection, Panchkula district ranked fifth in Haryana in terms of growth rate.

Written by Yogesh Rajput | Panchkula |
June 17, 2014 4:30:46 am

Helping the state government in revenue generation, the district administration has collected nearly Rs 410 crore from VAT (value added tax) and other taxes related to sale of commodities (except liquor), in the last financial year. With this, an increase of nearly 13 per cent has been witnessed in the tax collection as compared to 2012-13, wherein about Rs 364 crore was collected.

From last financial year’s collection, Panchkula district ranked fifth in Haryana in terms of growth rate (per cent increase in tax collection as compared to previous financial year). Of the 23 districts in the state, Ambala topped the growth rate.

A major chunk (around 80 per cent) of the total tax is collected from VAT. Of the approximate Rs 410 crore, the district administration collected around Rs 321 crore from VAT. The next largest collection (around Rs 55 crore) was made through central sales tax (CST) in 2013-14. The collection made through VAT in financial year 2012-13 was around Rs 287 crore while that through CST was around Rs 44 crore.

There are around 5,500 registered companies and individuals in Panchkula district, from whom the administration collects taxes. The district saw around 500 more registration of companies and individuals post financial year 2012-13.

Revenue, though in small amounts, is also generated through other taxes – passengers and goods tax (PGT), luxury tax and entertainment tax. The collective amount generated by these three forms of taxes in the last financial year turned out to be around Rs 34 crore while in financial year 2012-13, it was near about Rs 33 crore.

The Haryana government, this financial year onwards, started a service to keep a check on evasion of taxes. Any buyer can now ‘click a photograph of invoice (of the purchased item) and send it through ‘WhatsApp’ on the number- 9501 0122222. The state taxation department, would thereafter, distribute the images to respective district taxation offices, to cross check whether concerned company or individual has actually disclosed the invoice (the picture of which is with taxation officers) to the district taxation department.

📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines

For all the latest Chandigarh News, download Indian Express App.

  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.