The e-governance initiatives will cost the State government around Rs 70 crore,
which in turn will be shared on a 75-25 basis between the State and the Centre
under the Mission Mode scheme of the Centre.
The five schemes introduced include e-registration for VAT and dematerialisation
of registration certificates, filing of sales tax e-returns, e-payments under
industrial promotion assistance, e-VAT refund and payment through ECS and
e-submission of Form 16 under composition scheme.
The State Finance Minister, Mr Amit Mitra, said that the initiatives would not
only curb the harassment faced by small and medium traders, but also reduce
corruption in the Finance Department.
“We expect an increase in tax buoyancy as well as improved compliance by the
people,” Mr Mitra said.
The online registration for VAT and dematerialisation of registration scheme,
which was earlier carried out manually, will from August become online only.
Applications can be filed throughout the day, Mr Mitra said, adding that the
facility to file VAT returns will be launched on Monday.
The State government has also introduced an online filing for Form 16 scheme
under which dealers can seek payment of lower tax.
According to Mr Mitra, the online refund of taxes through ECS through the
payment under industrial promotion assistance scheme will help over 700 small
and medium enterprises that have manufacturing facility in the state. Payments,
currently made manually through cheques, will now be made directly to the bank
accounts of the enterprises.
The financial assistance to enterprises through this scheme in nearly Rs 40
crore annually and is in the form of a VAT or Central Sales Tax drawback
provided for modernisation or expansion of existing or new capabilities.
Further, exporters are now eligible for a refund of 90 per cent of their refund
amount – in place of the earlier 75 per cent – under the online VAT refund and
payment through ECS scheme. Money will once again be deposited directly to bank
accounts of exporters.
The system will stop fraudulent refunds and reduce any delays in the manual
TheHinduBusinessLine, India, dated