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VAT collection up by 22% in Tamil Nadu

VAT collection accounts for 90% of taxable revenue

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BS Reporter Chennai
VAT collection in Tamil Nadu has increased by 22% to Rs 51,245 crore. The state government has attributed this to strict norms implemented by the Department. According to Commercial Tax Department's Policy Note, which was placed by State Commercial Tax Minister M C Sampath, overall Tamil Nadu's VAT collection was Rs 51,245 crore in 2013-14 as compared to Rs 42,038 crore, a year ago, an increase of around 22%. Overall tax collection up by 18.73% and nearly 90% of the total taxable revenue is from VAT.

Despite a general slowdown in the Indian economy and a lean agricultural season in the State, this Department has mobilised a gross revenue of Rs 56,852 crore in 2013-2014, up by 18.73% over the previous year.
 

Year Collection (in Rs crore) Growth rate  (%)
2009-10 24819 9.96
2010-11 31117 25.37
2011-12 39545 27.09
2012-13 47885 21.09
2013-14 56852 18.73

"This growth has been achieved by ensuring better tax management strategies. The Commercial Taxes Department plays a predominant role in mobilising the revenue for the State exchequer and contributes almost two-thirds,” according to the Department's Policy Note.

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First Published: Jul 31 2014 | 5:35 PM IST

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