Finance cum Commercial Tax Dept Minister Radha Krishna Kishore today said that efficient management is required for better education and employment opportunities in the state. He informed that revenue collection was affected due to Lok Sabha and Assembly elections, yet the efforts have been satisfactory. The Minister informed that a target of Rs 1,06,999.57 crore was set in the last financial year, out of which Rs 92,189.10 crore was recovered, which is 86.16 per cent. At the same time, a total of Rs 1,03,469.82 crore including non-tax receipts i.e. 80.27 per cent of the budget estimate has been received.
The Finance Minister was addressing a press conference here on Wednesday. Secretary of Commercial Taxes Department Amitabh Kaushal and Commercial Tax Commissioner Amit Kumar were also present with the Finance Minister.
The Finance Minister said that under the FRBM Act, all departments have been directed to review revenue collection once in three months in the year 2025-26, and he himself will review it once in six months. Instructions will be given to the officers by visiting all the divisions of the state, while the divisions which are lagging behind will be given special instructions and assistance. Details of the amount in the PL account have been sought from all the departments. The amount which has been parked in the PL account since 2010 is wrong. We are reviewing it with full sensitivity.
Kishore said that the amount of Mainya Samman Yojana has been ensured by the government. While giving information about the revenue expenditure, it was told that Rs 1,31,234.42 crore was allocated, out of which Rs 1,18,279.69 crore has been spent. He assured that all necessary steps will be taken to strengthen the economic structure of the state. He said that our effort will be that the financial management of our government is transparent. He said that the secretaries of all the departments have been directed to allocate the amount to the districts against the schemes by the end of April or by May 7 so that the development work is not hampered.
The Minister said that the Commercial Tax Department has achieved revenue collection of Rs 22292.25 crore against the target of Rs 26 thousand crore in the financial year 2024-25, which is 85.74 per cent revenue collection of the annual target, whereas in the financial year 2019-20, revenue of Rs 14286.27 crore was received. Thus, a total increase of 56.04 per cent has been registered in the revenue collection obtained in the last five years. A target of total revenue collection of Rs 26,500 crore has been set in the financial year 2025-26.
Kishore said that in the financial year 2024-25, against the target of revenue collection of Rs 15375 crore for SGST, revenue collection of Rs 14210.10 crore has been achieved which is 92.42 percent of the annual target. Whereas in 2019-20, revenue collection of Rs 9949.51 crore was done from SGST, thus, in the last five years, a total increase of 42.82 percent has been registered in the revenue obtained from SGST. Kishore said that at present the total number of taxpayers registered under the Goods and Services Tax Act is 2,11,498. A target of Rs 15500 crore has been set for the financial year 2025-26. Minister Shri Kishore said that under VAT, a total revenue of Rs 6618.51 crore has been collected against the target of revenue collection of Rs 9124 crore for the financial year 2024-25, which is 72.54 of the annual target. At present, the total number of registered businessmen under the Value Added Tax Act is 4149. A target of Rs 9310 crore has been set for the financial year 2025-26.
Under JED, a total revenue of Rs 1361.24 crore has been collected against the target of revenue collection of Rs 1413 crore for the financial year 2024-25, which is 96.34 of the annual target. At present, the total number of businessmen registered under electricity duty is 267. A target of Rs 1600 crore has been set for the financial year 2025-26. Under JPT, a total revenue of Rs 102.40 crore has been collected against the target of revenue collection of Rs 88 crore for the financial year 2024-25, which is 116.36 of the annual target. At present, the total number of registered businessmen under the Profession Tax Act is 33533. A target of Rs 90 crore has been set for the financial year 2025-26.
Kishore, while emphasizing on the action plan for the financial year 2025-26, said that in this financial year, the reduction in the 'tax' rate for bulk purchase of diesel engaged in mining and manufacturing work will increase the tax, as well as increase in revenue is likely as a result of increasing the tax rate in ATF (Aviation Turbine Fuel). He said that DPR is being prepared by JAPIT, Jharkhand, Ranchi for the selection of new System Integrator (SI) in the Commercial Tax Department. After the selection of the new System Integrator (SI), efforts will be made to integrate the system with GSTN and other working/revenue departments' portals and accordingly cross-checking of the available data will be possible, which will lead to the expected increase in the state's revenue. He informed that efforts should be made to make the Intelligence and Revenue Analysis Unit (IRAU) and Special Task Unit (STU) working in the department more effective, so that timely filing of returns, review of returns and continuous monitoring of tax evading taxpayers can be done.