Odisha’s Revenue Collection up by 33% in the First Quarter

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Pradeep Amat, the Finance Minister of Odisha declared on Tuesday that the state had made an outstanding total revenue collection in the first quarter of this fiscal, which has registered an increase of 33% in comparison of the corresponding period of the last year.

The collection of revenue by the government in the first quarter from April to June in the current financial year has amounted to Rs 6257.76 crore, while the figure in the first quarter of the last financial year 2014-15 was Rs 4697.25 crore. The same was revealed at a meeting related to the revenue collection on Tuesday.

Additionally, it was told that the total revenue collection for the last year was nearly Rs 27820 crore.

A finance department release reported that the state government’s tax revenue has shown an increase of 45% in the first quarter of this year as compared to that in the first quarter of the last financial year 2014-15. The amount for the first quarter of the current fiscal is Rs 4980.21 crore, in comparison to Rs 3427.21 crore in the same period for the last financial year.

The highest growth rate has been witnessed in the stamps and registration fee, while an increase has also been seen in the non tax revenue of the state of Odisha. According to the release, the collection by the state government in the first quarter of the current fiscal year amounted to Rs 1277.55 crore, while that in the corresponding period of the last year was Rs 1269.94 crore.

The officials of the department have been asked by Amat to stay in pace with the collections. He has also asked the department officials to look after collection of arrears, carry out raids and dispose off all the pending cases in the courts in relation to the revenue matters.