February 16, 2016 10:05 AM

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Portal to collect non-tax receipts launched

Finance minister Arun Jaitley has launched a portal to electronically collect over 2 trillion rupees annually in non-tax receipts from sources such as dividends by state-owned firms, the Reserve Bank of India and spectrum fee. Inaugurating the Non-Tax Receipt Portal, NTRP yesterday, Mr Jaitley said, the portal has its own advantages and it will reduce a lot of manual work now. He said, it is an important occasion when the office of the Comptroller General of Accounts, CGA has now started using technology and created a receipts portal for all the payments into the Consolidated Fund of India. State-owned National Thermal Power Corporation Limited remitted an interim dividend of 989 crore rupees to the government through the electronic mode yesterday. The annual collection of non-tax receipts amounts to over 2 lakh crore rupees. It mainly includes dividends, interest receipts, spectrum charges, royalty, licence fee, sale of forms and application fees under the Right to Information Act. As per the budget, the government aims to collect over 2.21 trillion rupees as non-tax receipts during fiscal 2016. NTRP provides a one-stop platform to citizens or corporates or other users to make online payment of non-tax receipts to the Union government. While taxes are largely collected using the e-payment mode, non-tax revenues flow mainly through physical instruments such as bank draft or cheque or cash.

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