Jharkhand misses tax target but sees strong growth over five years
THE JHARKHAND STORY NETWORK Ranchi, April 23: Jharkhand’s Commercial Tax Department collected ₹22,292.25 crore in the 2024–25 financial year, achieving 85.74%…
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THE JHARKHAND STORY NETWORK
Ranchi, April 23: Jharkhand’s Commercial Tax Department collected ₹22,292.25 crore in the 2024–25 financial year, achieving 85.74% of its ₹26,000 crore target. While the state fell short of its goal, the department recorded a strong 56.04% increase in revenue compared to 2019–20, when collections stood at ₹14,286.27 crore.
Elections Impact Revenue, But Progress Remains Positive
Finance and Commercial Tax Minister Radhakrishna Kishore cited the Lok Sabha and Assembly elections as factors behind the shortfall but described the overall performance as satisfactory. He shared the figures during a press conference at the Information Bhawan auditorium, joined by Commercial Taxes Secretary Amitabh Kaushal and Tax Commissioner Amit Kumar.
In total, Jharkhand received ₹1,03,469.82 crore in revenue during 2024–25, covering 80.27% of its overall budget estimate. Last year’s revenue collection reached ₹92,189.10 crore against a target of ₹1,06,999.57 crore, amounting to 86.16%.
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SGST, VAT, and Professional Tax: Mixed Results
Under SGST, the state collected ₹14,210.10 crore, or 92.42% of its ₹15,375 crore target—marking a 42.82% increase over the past five years. VAT collections reached ₹6,618.51 crore (72.54% of the target), while revenue from Professional Tax exceeded expectations at ₹102.40 crore, achieving 116.36% of its ₹88 crore goal.
Action Plan for 2025–26: Digital Upgrades and Strategic Tax Tweaks
Looking ahead, the government has set a revenue collection target of ₹26,500 crore for 2025–26. Key measures include reducing tax on bulk diesel purchases for mining and manufacturing, increasing the tax on aviation turbine fuel, and improving data integration across departments through a new system integrator.
Efforts are also underway to strengthen the Intelligence and Revenue Analysis Unit (IRAU) and Special Task Unit (STU) to boost compliance and crack down on tax evasion.
Funds Must Flow to Districts by May
To ensure the smooth implementation of development projects, all departments have been directed to allocate scheme-related funds to districts by the end of April or by May 7 at the latest.
