While the State is facing the Covid-19 pandemic, due to aggressive efforts, collection of Own Tax revenue has registered better performance than last year during first half of the current Fiscal.
Total Own Tax and Non Tax revenue collection has crossed Rs 25,000 crore mark and even the State Government has collected sizeable Non Tax revenue than the corresponding period of 2019.
Latest revenue collection statistics shows that the Odisha Government has collected Rs 25, 571.42 crore Own Tax revenue by October 31, which was Rs 25,002.84 crore by October 31, 2019.
Own Non Tax revenue has registered more than 23 per cent growth and higher growth of such revenue has come as a big support as the State requires more resources for financing the higher budget allocations.
While Own Tax revenue collection declined by 6.84 per cent, Own Non Tax revenue collection registered 23.41 per cent growth for which it saved the situation, officials said.
Most of the major items of Own Tax revenue has experienced a decline till October, 2020 over the previous year due to the impact of Covid-19 lockdown and shutdown, officials admitted.
However, higher collections in the recent months are showing signs of recovery and in coming months, there will be positive growth, they told.
While collection of Own tax revenue was Rs 17,469.58 crore by October 30, 2019, it went down to Rs16,274.82 crore, which declined by 6.84 percent. While stamps and registration collection saved the situation by registering 118 percent growth due to registration of new mining leases, the State earned Rs 2030.65 crore by October 30, 2020.
However, the State Excise received a jolt with a decline of more than 36 percent and Motor Vehicle tax also collected less 32 percent over corresponding period of 2019.
Land revenue registered 14 percent growth and taxes and duties on electricity registered more than 10 percent.
During August, September and October, Own Tax and Non Tax revenue collection has shown signs of recovery and in November it will be a much better experience for the State Government.
Mining royalty registered more than 10 percent growth over the previous year as the sector is showing signs of recovery from the slump.
While by October 30, 2019 mining royalty collection was Rs 6,070.47 crore, the State Government collected Rs 6,693.42 crore registering better growth than last year, officials said.
Total Non Tax revenue collected by October 30 was Rs 9,296.60 crore, which was Rs 7,533.26 crore during corresponding period of 2019. Other Non Tax collection registered 188.90 percent growth, which helped the State to collect more revenue.
While Own Tax collection efforts have been expedited, mopping up of more resources out of money parked in bank accounts is being taken up as an overdrive.
Nearly Rs 2800 crore has already been received so far and more funds parked in bank accounts are likely to return as there is aggressive move in this regard, officials said.These efforts will be completed by November 30 as the departments are taking up the matter seriously.