Rs 9,029 commericial tax revenue generated

Bhopal, Apr 21: The Madhya Pradesh Commercial Taxes Department has collected Rs 9,029 crore as revenue during 2006-07 against Rs 7,699 crore earned in 2005-06 recording an increase of Rs 1,330 crore or 17.27 per cent.

Tax collection was Rs 533 crore more than the target of Rs 8,476 crore, an official release said.

Under the Value Added Tax (VAT), a revenue of Rs 5,310 crore was generated registering an increase of 16.26 per cent over previous year. The collection was 104 per cent more than the target.

Likewise, Rs 742 crore entry tax was collected in 2006-07, an increase of 28.37 per cent as compared to previous year. The collection was 109 per cent more than the target.

A revenue of 1,61 crore was collected as professional tax, 104 per cent of the target and 7.33 per cent more as compared to the last fiscal.

Collection of hotel taxes at Rs 4.9 crore witnessed an 11.87 per cent increase as against 2005-06, while collection of entertainment tax improved by 52.30 per cent to Rs 21.46 crore.

Under the registration and stamps, a revenue of Rs 1,254 crore was collected recording an increase of 24.03 per cent as compared to previous year.

In 2003-04, Rs 615 crore had been collected as registration and stamps duty. Hence, an increase of more than double has been registered under the head in the past three years.

UNI