Plugging tax collection loopholes is crucial for West Bengal’s government, led by Suvendu Adhikari, to boost its own revenue without increasing tax burdens on the public. The state finance department insider highlighted that specific decisions taken by the government have already shown positive results in improving tax collection. Efforts to enhance transparency in tax systems, particularly in stone quarry and sand-mining businesses, are underway to prevent revenue leakages due to forgery in e-challans.
The state is actively identifying and replacing officials involved in e-challan forgery with individuals known for their integrity. By addressing these loopholes, the government aims to eliminate illegal collections and increase revenue flow. Recent statistics shared by Chief Minister Suvendu Adhikari in the Assembly indicate a significant revenue boost from stone quarries, showcasing the early success of loophole plugging initiatives.
Moreover, the government’s budget speech introduced a policy to streamline clearances for investments over Rs 100 crore through a single-window system. This move not only promotes ease of doing business but also aims to curb corruption associated with obtaining multiple clearances from various departments. By simplifying the clearance process, the state anticipates a reduction in corrupt practices, leading to improved revenue generation and a conducive business environment.
