30 C
Guwahati
Sunday, July 21, 2024

Tripura registers increase in tax collection

- Advertisement -
- Advertisement -

AGARTALA, Feb 27: The overall tax collection in Tripura has increased substantially over the last one year, a senior official said on Tuesday.

The Goods and Service Tax (GST) collection has registered a 16 per cent increase from Rs 2014.32 crore in the 2022-23 fiscal to Rs 3,302.58 crore in the 2023-24 fiscal till January, he said.

- Advertisement -

Addressing reporters, state finance secretary Apurba Kumar Roy said the collection of state excise has increased from Rs 298.08 crore to Rs 327.90 crore during the period, recording a 10 per cent hike.

Sales tax collection has increased by 16 per cent, from Rs 367.67 crore to Rs 428.32 crore during the period, he said.

The state’s revenue has increased from Rs 2,445 crore to Rs 2,656.86 crore, the minister said.

“Tax collection has increased due to efforts of the Tripura government agencies. This is the true reflection of better fiscal management in the state,” he said.

- Advertisement -

“Currently, financial transactions are being done in government departments through the Integrated Financial Management System (IFMS). The system will be updated to ensure faster financial transactions and more transparency,” he said.

A team of officials has already visited Rajasthan to learn how they handle the payment system and IFMS will be implemented in Tripura in the next one year, he added. (PTI)

- Advertisement -
The Hills Times
The Hills Timeshttps://thehillstimes.in/
Welcome to The Hills Times, your trusted source for daily news and updates in English from the heart of Assam, India. Since our establishment in 2000, we've been dedicated to providing timely and accurate information to our readers in Diphu and Guwahati. As the first English newspaper in the then undemarcated Karbi Anglong district, we've forged a strong connection with diverse communities and age groups, earning a reputation for being a reliable source of news and insights. In addition to our print edition, we keep pace with the digital age through our website, https://thehillstimes.in, where we diligently update our readers with the latest happenings day by day. Whether it's local events, regional developments, or global news, The Hills Times strives to keep you informed with dedication and integrity. Join us in staying ahead of the curve and exploring the world through our lens.
Latest news
- Advertisement -
Related news
- Advertisement -
7 Beautiful Indian Birds Flowers Which Bloom Only At Night Top 10 Most Dangerous Animals in India Foods That Increase Uric Acid Levels 9 Exotic Summer Vacation Destinations In India