Outstanding tax revenue for Maharashtra at Rs 89,000 crore
The state exchequer, which is burdened with a debt of Rs 4.71 lakh crore, has an outstanding tax revenue of Rs 89,661 crore, which it is yet to recover from traders and companies. While a whopping Rs 65,908 crore of this amount is mired in litigations and disputes, pending in various courts for years, the state has failed to recover Rs 23,753 crore owing to various other reasons over the past few years.
The figures of the outstanding tax revenue were revealed in the state’s budget document, tabled earlier this week in the legislature.
The major chunk of the outstanding amount, Rs 65,396 crore, is accrued from sales and value added taxes on motor spirits and lubricants.
The second highest outstanding amount is from central sales taxes, amounting to Rs 19,456 crore.
Besides taxes on motor spirits and lubricants and central sales tax, the outstanding amount is also accrued from taxes on professions and employments; minor and major minerals; taxes on vehicles, goods and passengers; stamp duty and registration among others.