Tax revenues of VAT States up 25.48 pc in April-Nov
December, 23rd 2006
The tax revenues of States implementing VAT continue to show heady growth, with collections in the April-November period increasing by 25.48 per cent to Rs 75,212 crore from Rs 59,940 crore in the corresponding previous period.
The States have been recording tax revenue growth rates of 25-27 per cent this fiscal.
The Finance Ministry expects the tax revenues of these States to grow by at least 20 per cent this fiscal.
So far, 30 States (including Union Territories) have implemented VAT and there are strong indications that Tamil Nadu and Puducherry would implement VAT from January 1.
Official sources said that the three non-VAT implementing States - Tamil Nadu, Puducherry and Uttar Pradesh - registered 21.4 per cent increase in tax revenue during the period under review to Rs 18,519 crore (Rs 15,288 crore).
Tax revenues of some of the major States were: Delhi Rs 4,352 crore (Rs 3,650 crore); Maharashtra Rs 15,007 crore (Rs 11,577 crore); Haryana Rs 3,515 crore (Rs 2,899 crore); Kerala Rs 5,251 crore (Rs 4,712 crore); Karnataka Rs 6,502 crore (Rs 5,222 crore); Punjab Rs 3,352 crore (Rs 2,978 crore); Andhra Pradesh Rs 9,728 crore (Rs 7,490 crore); West Bengal Rs 3,642 crore (Rs 3,129 crore); Gujarat Rs 7,376 crore (Rs 5,484 crore); Madhya Pradesh Rs 2,667 crore (Rs 2,196 crore) and Rajasthan Rs 3,860 crore (Rs 3,137 crore).
Among the non-VAT implementing States, Tamil Nadu's tax revenue stood at Rs 10,558 crore (Rs 8,901 crore).
The tax revenue of Uttar Pradesh increased to Rs 7,717 crore (Rs 6,154 crore).