New
Delhi: VAT-implementing States have recorded a 23.41
per cent increase in tax revenues in April-January 2007
to Rs109,095 crore compared with the collection level
of Rs88,403 crore during the same period of the previous
year.
This
shows a slight decline to the recorded growth rates of
24-25 per cent so far during this fiscal. Official sources
attributed the slight slowdown in the growth rates in
collection to the inclusion of Tamil Nadu under the VAT-implementing
States category from January 1. Tamil Nadu (with growth
rates of about 18 per cent) is said to have pulled down
the overall growth rate as its growth rate is lower than
the national average.
The
Finance Ministry expects further moderation in growth
rates in February and March, when refund issues crop up.
The
tax revenues of some of the major VAT implementing States
during April-January 2007 are Andhra Pradesh Rs12,357
crore (Rs9,725 crore); Gujarat Rs9,330 crore (Rs7,030
crore), Delhi Rs5,458 crore (Rs4,682 crore), Rajasthan
Rs4,930 crore (Rs4,067 crore), Haryana Rs4,419 crore (Rs3,653
crore), Karnataka Rs8,348 crore (Rs6,566 crore), Maharashtra
Rs18,841 crore (Rs15,001 crore), Tamil Nadu Rs13,232 crore
(Rs11,138 crore) and Kerala Rs6,714 crore (Rs5,406 crore).
As
regards the non-VAT implementing States, the tax revenues
of Uttar Pradesh for the period under review stood at
Rs10,057 crore (Rs7,972 crore). Tax revenue of Puducherry
during April-January 2007 stood at Rs303 crore (Rs250
crore).
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