`3683 cr tax realised in 3 yrs: MoS Finance

While replying to a question of Rajesh Gupta, the minister informed that an amount of Rs 1241.84 crore was generated in 2015-16, Rs 1369.79 crore in 2016-17, while Rs 1071.94 crore tax was realized during the current financial year (upto ending, 2017).

GKNN
Jammu, Publish Date: Jan 20 2018 12:35AM | Updated Date: Jan 20 2018 12:35AM
`3683 cr tax realised in 3 yrs: MoS FinanceGK Photo

Minister of State for Finance Ajay Nanda today informed the Legislative Assembly that the state government has realised Rs 3683.57 crore tax from different sources during the past three years.

While replying to a question of Rajesh Gupta, the minister informed that an amount of Rs 1241.84 crore was generated in 2015-16, Rs 1369.79 crore in 2016-17,  while Rs 1071.94 crore  tax was realized during the current financial year (upto ending, 2017).

Giving details of expenditure on major projects and other developmental schemes during the past three years under Capex Budget (State-Plan), the Minister informed an amount of Rs 2.42 crore was spent against a release of Rs 3.11 crore during the year 2015-16, and Rs. 1.70 crore against a release of Rs. 5.44 crore in 2016-17, while Rs. 2.70 crore was expended against a total release of Rs. 5.97 crore   during 2017-18 (upto ending November 2017).

Nanda further informed that the Toll tax has not been subsumed in GST and the Government is competent to levy Toll under J&K Levy of Toll Act, Samvat 1995 as per taxation powers derived from Section 5 of the Constitution of Jammu and Kashmir, hence charging toll tax is not any violation of GST norms. Moreover, the toll has not been abolished in any part of the country yet, the Minister added.