NEW DEHLI: Indian state Odisha’s own tax revenue expanded 13.5 percent in the April-December period of this fiscal, sustained by vigorous collection in segments like motor vehicle tax, electricity duties and stamps and registration fee.
The state’s own tax revenue rose from Rs 10,778.74 crore to Rs 12,229.41 crore in the period, achieving 61.57 per cent of the Budget estimate (BE) of Rs 19,862.65 crore. Within the own tax revenue bracket, stamps & registration fee posted the highest growth rate at 38.64 per cent, increasing from Rs 431.02 crore to Rs 597.56 crore.
Taxes and duties on electricity rose from Rs 484.64 crore to Rs 609.43 crore, registering a growth of 25.75 per cent.
Motor vehicles tax posted 29.07 per cent growth to reach Rs 592.91 crore compared to Rs 459.38 crore in the year ago period. Growth recorded by other items in the state’s own tax revenue basket include professional tax (17.18 per cent), land revenue (15.30 per cent), state excise (19.83 per cent), sales tax (10.41 per cent) and entry tax (6.47 per cent). But downtrend continued in mining revenue that plunged 21.11 per cent from Rs 3,909.57 crore to Rs 3,084.42 crore. Mining revenue, the single largest contributor to the state’s non-tax revenue kitty has seen de-growth since the beginning of this fiscal, casting doubts on meeting the targeted figure of Rs 5,518.80 crore. The state’s total tax and non-tax revenue recorded a measly growth of 3.87 per cent in the period from Rs 16,617.12 crore to Rs 16,792.57 crore and represented rise of 60.22 per cent over the BE figure of Rs 27,886.65 crore.
