'Haryana to get Rs 1,275-cr CST compensation by Feb-end' | punjab | Hindustan Times
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'Haryana to get Rs 1,275-cr CST compensation by Feb-end'

punjab Updated: Dec 07, 2013 19:27 IST
HT Correspondent

Haryana excise and taxation minister Kiran Choudhry on Saturday said the state government would get central sales tax (CST) compensation amounting to Rs 1,275 crore by the end of February 2014.

Stating that the state government was also trying to bring e-commerce under the ambit of tax, Choudhry told mediapersons that union finance minister P Chidambaram had assured that a budgetary provision for the said amount of compensation had been made.

She added that she had taken up the issue of compensation at higher level as a result of which the central government would now compensate the state to settle its pending claims up to the year 2010. This would further boost the revenue collection, she added.

Choudhry said the real estate developers had also been brought under the ambit of tax and revenue collection of over Rs 200 crore was expected from them. Apart from this, the government was also trying to bring e-commerce as in case of e-bay, OLX and others registered in Haryana under the ambit of tax. They were also liable to pay tax to the government for their commercial activities, she added.

She said despite slowdown in the economy, the department had collected tax revenue of Rs 12,524 crore up to October 2013 during the current financial year, which was 10.09 % higher as compared to the corresponding period last year.

She said the finance department had given 21% higher target this year as against the actual collection of Rs 19,813 crore during 2012-13. "We are ensuring better monitoring, transparency and are consistently plugging the loopholes to achieve desired results," she added.