Tripura Registers Increase In Tax Collection: Official - Eastern Mirror
Wednesday, April 24, 2024
image
Region

Tripura registers increase in tax collection: Official

6092
By PTI Updated: Feb 27, 2024 2:19 pm
Tripura registers increase in tax collection: Official
(Representational image)

AGARTALA — The overall tax collection in Tripura has increased substantially over the last one year, a senior official said on Tuesday.

The Goods and Service Tax (GST) collection has registered a 16 per cent increase from INR 2014.32 crore in the 2022-23 fiscal to INR 3,302.58 crore in the 2023-24 fiscal till January, he said.

Addressing reporters, Finance Secretary Apurba Kumar Roy said the collection of state excise has increased from INR 298.08 crore to INR 327.90 crore during the period, recording a 10 per cent hike.

Sales tax collection has increased by 16 per cent, from INR 367.67 crore to INR 428.32 crore during the period, he said.

The state’s revenue has increased from INR 2,445 crore to INR 2,656.86 crore, the minister said.

“Tax collection has increased due to efforts of the Tripura government agencies. This is the true reflection of better fiscal management in the state,” he said.

“Currently, financial transactions are being done in government departments through the Integrated Financial Management System (IFMS). The system will be updated to ensure faster financial transactions and more transparency,” he said.

A team of officials has already visited Rajasthan to learn how they handle the payment system and IFMS will be implemented in Tripura in the next one year, he added.

Also read: Number of educated jobless youths soar 7-times in Assam in 2022: Eco Survey

6092
By PTI Updated: Feb 27, 2024 2:19:05 pm
Website Design and Website Development by TIS