Record tax collection in Bihar: Modi
Patna, Apr 2 (UNI) Bihar Deputy Chief Minister Sushil Kumar Modi, who holds the finance portfolio, has claimed that collection of taxes in the state had registered a phenomenal growth during 2005-06.
''The boost in tax collection is the result of rationalisation of tax rates, persistent efforts of the department to broaden the tax base and positive response from trading community,'' he told mediapersons here.
Mr Modi said according to quick estimates, a total of Rs 2381.04 crore had been collected against sales tax, which was an all time high record.
Buoyed by the achivement, the government had set a target to collect Rs 3,000 crore as sales tax during the financial year 2006-07, he added.
Mr Modi said tax collection by the mines and geology department surpassed its target by seven per cent during the just concluded financial year.
'' An amount of Rs 95.96 crore has been collected by the said department against a target of Rs 89.90 crore,'' he said.
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