Tax structure to be reviewed in Bihar: Modi
Patna, Apr 26 (UNI) Dissatisfied with the existing tax collection, Bihar Deputy Chief Minister Sushil Kumar Modi today announced to accord the review of existing tax structure to a reputed consultant agency for better tax realisation.
During an interaction with leading business representatives at the Bihar Chamber of Commerce, Mr Modi, also holding the Finance portfolio, said besides reviewing tax structure, the agency would also suggest measures to mobilise resources for higher tax collection.
'' Bihar had the potential to raise the tax collection which can be enhanced up to Rs 5000 crores within next two years from the existing level of around 2500 crores,'' he said, adding that it could be achieved by rationalising the present tax structure.
Mr Modi said tax collection during this fiscal had increased by Rs 154 crores over the preceding year. Refering to the related data, he said that Rs 2,547 crores was collected in 2005-06 while only Rs 2,393 crores was collected in the preceding year.
He said in some parts of the state, the business community was not cooperating with the state government and tax collection in those areas had decreased to an alarming level.
He said more than 50 per cent decrease had been witnessed in Aurangabad, Khagaria and Jehanabad while Bettiah and Madhepura noted the fall of around 25 per cent.
Mr Modi warned the businessmen of stringent action if they tried to evade tax. Five temprory check posts would be installed in different areas at the earliest, he informed.
He said there were only 50,000 registered businessmen in the state who were in tax net and attempts would be made to increase the number to one lakh. He called upon the businessmen to be aware about the tax rules to avoid any confusion and pay tax promptly.
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