Bengal Govt increases earnings due to adoption of IT
The Bengal Government has been successful in increasing its earnings due to the adoption of information technology (IT) across the board.
According to data available with the State Finance Department, the earnings from stamp duty and registration have risen by 17 per cent, from customs duty, by a massive 93 per cent, from transport tax, by 26 per cent and from electricity duty, by 39 per cent. And from entry tax, during the current financial year, till date, the earning has been more than Rs 1,500 crore, which is also a big increase.
The Finance Department, under the helm of Dr Amit Mitra, with due encouragement from Chief Minister Mamata Banerjee, has set an example for the rest of the country in financial management.
According to Dr Mitra, the following of sound economic policies has enabled the State Government to steadily repay its massive debt, a legacy of the erstwhile Left Front Government.
Unlike for the Centre and many other State Governments, the adoption of the Goods and Services Tax (GST) has not led to any major shortfall in the collection of taxes by the Bengal Government. The major reason for this is again the IT-friendly tax collection structure.
Another big amount of money is due to the State Government, which would further boost the revenue – payment by the Centre to cover the losses borne by the states due to the adoption of Inter-State GST (IGST) and GST.
This highly successful integration of IT with the financial structure of the State Government has been acknowledged and appreciated by the Central Government through various awards in categories like e-taxation, e-tendering, e-governance, etc.
Comparing a few relevant numbers, the capital expenditure of Bengal has increased from Rs 2,225 crroe in 2010-11 to Rs 11,336 in 2016-17, and the plan expenditure has increased from Rs 14,615 crore to Rs 49,090 crore, during the same respective periods.