Revenue from the Goods and Services Tax (GST) revenue in the Commercial Taxes Department in Telangana increased 15 percent over the past three months.
Disclosing this at a meeting of a Cabinet Sub-Committee on revenue generation here on Friday, Deputy Chief Minister Bhatti Vikramarka Mallu said the Registration Department has also recorded revenue growth. The actual numbers on revenue are yet to be released.
The use of modern technologies like AI, continuous monitoring of tax revenues across departments, and systematic administration led to increased revenue generation.
AI technology
The adoption of AI technology helped enhance revenue streams in departments such as mining and transport, according to him. He instructed officials to act more stringently against illegal sand mining, crusher operations, illegal transportation and overloading.
The Deputy Chief Minister directed all departments to prepare plans for revenue mobilisation in line with the goal of achieving a $3 trillion economy by 2047.
The Deputy CM instructed officials of the Registration Department to present the reports of committees studying land value revisions to the Sub-Committee, and then proceed to submit them to the Cabinet. Ministers also reviewed aspects related to metro rail acquisition, management, revenue, and expenditure.
Additionally, progress in increasing revenues in the Excise, Revenue, and Industries Departments was discussed, according to a release.
Source from: https://www.thehindubusinessline.com/economy/telanganas-gst-revenue-up-15-in-last-3-months/article70847503.ece
