Concerned over precarious finances of the state and in an effort to shore up revenues, the Commercial Tax department has been told to take stringent action against revenue leakages especially by way of duplicate e-way bills and misuse of time-limit given for transport of goods.
Speaking at the Commercial Tax department’s status of tax collection meet, Karnataka Chief Minister B S Yediyurappa directed officials to take stringent action against the issue of using duplicate e-way bills, misuse of the provided time limit for the transport of goods.
The department has increased road vigilance teams from 77 to 116. These teams have inspected 2.89 lakh transport vehicles and 7.46 lakh e-way bills. Out of this, 300 unlawful cases have been found, and ₹6.21 crore of tax and fine has been collected.
The Chief Minister also directed the department to hold a survey of dealers doing transactions worth more than ₹40 lakh and survey of commercial complexes in big cities which collect monthly rent of more than ₹20 lakh.
The tax department officers informed that ₹4,313.13 crore has been released by Central Government as GST Compensation amount from December to February in the year 2019-20. There is an increase in the collection of taxes on petrol and diesel in the State.
As per the guidelines of the Central Government, restaurants and hotels are allowed to open, the prescribed precautionary measures are mandatory.
The Hotel Owners Association and the Transport Companies representatives who met Yediyurappa assured that they would strictly follow the government’s guidelines.
Tourism
While reviewing the tourism and transport department along with the stakeholders, the Chief Minister told them to take up a promotional drive to revive tourism.
The delegation of the Bus Owners Association and Hotel Owners Association and Taxi Owners Association who participated in the meeting wanted the government to remove several obstacles and placed their demands.
The Chief Minister assured that he would review their demands in detail and would take appropriate decisions.
In the backdrop of the Tourism Department opening its hotels, hospitality wings and tourist spots, the Chief Minister released a booklet on the guidelines that have to be followed.
A letter from the Editor
Dear Readers,
The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.
Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.
In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.
We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.
But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.
I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.
A little help from you can make a huge difference to the cause of quality journalism!
Support Quality Journalism
