First two months state excise tax Collection surges by 13%

First two months state excise tax Collection surges by 13%

Shimla, June 1

The Department of State Taxes has announced a significant growth of 13% in collection during the initial two months of the current financial year. As per the latest figures, the department has successfully collected Rs. 1004 Cr. in the ongoing year until 31st May, surpassing the Rs. 890 Cr. collected during the corresponding period in the previous financial year.

This noteworthy increase reflects the department’s dedicated efforts in bolstering return monitoring, expediting return scrutiny, ensuring timely completion of GST audits, and enhancing the capabilities of tax officers, stated Yunus Khan Commissioner of State Taxes and Excise .

He said that with an unwavering focus on optimizing revenue generation, the department has set its sights on verifying 13 lakh e-way bills throughout the current financial year. Notably, within the first two months, the department has already scrutinized 1.85 lakh e-way bills, leading to the imposition of penalties amounting to Rs. 92 lakh on violators. This proactive approach is aimed at ensuring compliance and deterring potential instances of tax evasion.

Also read:GST collection in HP up by 25pc in Feb
Demonstrating its commitment to tackling fraudulent practices, the department has launched an extensive two-month-long PAN India special drive against fraudulent GST registration. Commencing on 15th May 2023, this campaign seeks to unearth and prevent false input tax credit (ITC) claims associated with counterfeit or non-genuine GST registrations. The initial phase of the drive has resulted in the identification of eight fake firms involved in tax evasion totaling Rs. 10.49 Cr. The department is taking strong measures against these deceptive taxpayers.

He emphasized the department’s commitment to maintaining fiscal discipline, combating tax evasion, and fostering a transparent and efficient tax regime.