The state government would soon come up with a scheme, christened Bhama Shah Samman Yojana, to felicitate big tax payers.
The government is also considering steps to introduce accident insurance policy for the traders of Bihar, said deputy chief minister Sushil Kumar Modi while addressing the state-level VAT Advisory Committee meeting here on Monday.
Speaking about simplifying the issuance process of form C, Modi said that now these forms were being made available on two fixed days of the week and officials found to be creating hurdles in issuing the form would be punished.
He also said that the government is mooting to bring down the entry tax on foodgrains at par with the rate of value added tax (VAT).
The deputy chief minister said that out of total reve-nue collection of Rs 1,692.91 crore, Rs 1,455.04 crore has come from the organised sector and the remaining Rs 236.84 crore came traders of unorganised sectors.
Modi also issued directives for holding value added tax Advisory Committee meeting at divisional-level thrice in a year and at state-level twice in a year.