Tax arrears worth Rs 1,283 cr

Tax arrears worth Rs 1,283 cr

JAMMU: The state government Thursday said that tax arrears to the tune of Rs 1,283 crore are yet to be recovered by the commercial taxes department, even as the government requires Rs 2,282 crore to clear its debt.
In a written reply to the question of BJP MLA Rajesh Gupta in Legislative Assembly here, Finance Minister Dr Haseeb Drabu said, “An amount of Rs 1,283.07 crore is pending for recoveries on account of excise duty, toll tax, sales tax, passenger tax and others in the state as on ending February this year.”
Of this, he said, Rs 1,235.16 crore of tax is pending for recoveries by the commercial taxes department, while Rs 47.91 crore is pending on account of excise tax.
The pendency in terms of commercial tax arrears has risen to Rs 1,235.16 crore from Rs 1,180.86 crore in 2013-14, Rs 726.34 crore in 2008-09 and Rs 464.63 crore in 2001-02, Drabu said.
Similarly, excise tax has risen to Rs 47.91 crore in 2014-15 from Rs 20.95 crore in 2008-09 and Rs 9.10 crore in 2001-02, he said.
The financial crunch in the state is because of mismatch of fund flow, said Drabu, adding the amount required to clear the pending bills in various treasuries is to the tune of Rs 2,282 crore on March 18 this year.

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