TEAM HERALD
teamherald@herald-goa.com
PANJIM: The Commercial Taxes department is hoping to mop up approximately Rs 2,500 crore as revenue for the State exchequer by March 2013, a chunk of which is expected to come from VAT, entertainment tax, luxury tax, entry tax and central sales tax.
This year much of this revenue will be from the tourism segment. The department’s target is approximately 25 per cent higher than last year’s target of Rs 2,030 crore collected by the department.
“This is the target that we are hoping to achieve by the end of the financial year 2012-13,” informed a department official. “Our major collection comes from VAT, entertainment tax, luxury tax, entry tax and central sales tax,” the official elaborated.
While the department was unable to put its finger on the tourism revenue figures, a huge quantum is expected to come in from entertainment with big events happening in Goa.
Regarding the much touted Sunburn event, the department is still working on finalising the data on sale of tickets and other aspects.
“Tax is also applicable on passes that were given out for the show,” said this official. Rough estimates suggest that at least 14,000 tickets may have been sold.
The department is also aiming to pool in revenue from shacks through the one time payment of VAT which officials say has been on the downslide in the recent past.
“Show cause notices will be issued by the respective divisions to shacks wherever required,” said this official.
