Government Working on Revenue Leakages

Government-working-on-reven

Hyderabad: The Telangana government is working on all possible means to increase the revenue by giving importance to plugging revenue leakages form the department like Commercial tax, Excise and prohibition, stamps and Registration.

The Commercial taxes department which contribute 60% of the total state revenue.

“For the first time we are going to have an intelligence call with experts, including IT experts, which will handle the entire data and analyze regular transactions and collections periodically. For this the department will take the assistance of the centre for good governance”, said a higher official of the commercial Taxes department.

“Traders with Rs 50 lakh annual revenue are applicable for VAT. However, most traders do not report their transactions, evading tax. Henceforth by increasing compliance they would be brought under the VAT category”, added the official.

Meanwhile, the state Excise and Prohibition department has set up a system that will keep a tab on non-duty paid liquor in the market through a “tag and trace” system.

Medaram Jathara

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