UP continues record tax collection in new fiscal

Lucknow, May 10 (UNI) Uttar Pradesh government, which created record in the country for 28 per cent increase in tax revenue during 2005-06, upheld its feat by collecting Rs 501.88 crore revenue in April 2006 -- an increase of 30.7 per cent compared to April 2005.

State commercial taxes commissioner Rajnesh Gupta told newsmen here that against the target of Rs 465 crore, the department had collected Rs 501.88 crore, which was Rs 117.80 crore more than what was collected in April-2005.

He said government had fixed a target of Rs 15,000 crore revenue collection for 2006-07, which was Rs 3,200 crore more than last fiscal.

The department had collected a record revenue of Rs 11,804.68 crore during 2005-06, which was more than the target fixed at Rs 11,650 crore.

Talking about sops given to traders during the current fiscal, Mr Gupta said compunding fee had been implemented for importing sugar, while trade tax on power equipement like ACR, Conductor hade been reduced from 12 per cent to 4 per cent.

The government had also waived TT on import and export of materials from the Special Economic Zone (SEZ) region of the state.

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