ZT News Network
JAMMU: The Jammu and Kashmir Taxes Department expects to register 20 per cent growth in tax collection by the end of financial year 2019-2020.
Under the Heads of Stamps and MST the growth would expectedly increase by 16% and 4% respectively.
Financial Commissioner, Finance, Dr.Arun Kumar Mehta, while complimenting the officers for their efforts towards registering a growth of about 11% over the target till date asked the officers to increase the intensity of physical verifications of goods traded or in transit. He also suggested the concerned to make use of “economic intelligence, coordination, cohesion and convergence to further improve their performance.”
He further asked them to set targets for each officer/official regarding the performance indicators like Revenue realisation, Registrations, Inspections and Cancellations. He appealed the traders to resort to proper invoicing only besides asking concerned to motivate traders in a positive manner to file returns without affecting their businesses.
The meeting was informed that revenue realisation up to December, 2019 under different heads is satisfactory while the actual realisation is expected to jump ahead of the set target. It was informed that department is making all out efforts to give a transparent and compliant environment to the tax payers and recover only right amount of taxes from the payers.