J-K tax revenue rises by R 2,327 cr in 2016-17

GJ Report
Jammu, Jan 30: Tax revenue of Jammu and Kashmir rose to R21,380 crore in 2016-17 against s19,053 crore in the previous year, state Finance minister Haseeb Drabu said today.
The grants from the Centre also increased from s 16,728 crore in 2015-16 to s 20,598 crore in 2016-17, the minister said in a written reply to the legislative assembly.
Drabu said state’s own tax revenue touched s7,819 crore in 2016-17 against s 7,326 crore in 2015-16.
Non-tax revenue increased from s 3,913 crore in 2015-16 to s4,072 crore in 2016-17, the minister said adding the share of union taxes and duties was s7,814 in 2015-16 which reached s 9,489 crore in 2016-17. On the cess and taxes levied on petrol and diesel, Drabu said a tax of s309.63 crore and a cess of s 82.49 crore was levied on petrol by the state government in 2015-16 and s 355.15 crore and s87.55 crore, respectively, in 2016-17. The tax of s417.37 crore and a cess of s70.24 crore was levied on diesel in 2015-16, while s479.26 crore and Rs 65.53 crore, respectively, in 2016-17. He said the money collected at toll posts Lakhanpur, railway station Jammu and Upshi were to the tune of s 16.76 crore on petrol and s44.62 crore on diesel in 2015-16 and s19.61 crore and s45.24 crore on diesel in 2016-17. However, the minister said no cess or taxes are being levied on petrol and diesel by the Centre in the state. In reply to another question about the expenditure on road sector under state and centrally sponsored schemes, he said s482.22 crore were spent regular schemes, s122.69 crore under Central Roads Fund scheme and Rs 320.91 crore under Prime Ministers Grameen Sadak Yojna in 2016-17.