CM Siddaramaiah Sets Monthly Tax Collection Target to Drive Karnataka’s Revenue Growth
Karnataka Chief Minister Siddaramaiah has tasked the state’s tax officials with achieving an ambitious monthly tax collection target of Rs 10,200 crore to reach the 2024-25 annual goal of Rs 1,10,000 crore. The CM emphasized the necessity of meeting these targets to support state development projects.
Key Highlights
October Collection: Total tax collection reached Rs 58,773 crore (53.5% of the target).
GST: Rs 44,783 crore
Karnataka Sales Tax: Rs 13,193 crore
Professional Tax: Rs 797 crore
Increased Collections: A year-on-year growth of Rs 5,957 crore.
Monthly Target: Rs 10,200 crore average needed for the next five months to meet the goal by March 2025.
Revenue-Boosting Strategies
Karasamadhana Scheme: Expected to add Rs 2,000 crore in state revenue.
Enhanced Department Coordination: Improved collaboration across departments for smoother collections.
Accountability: Regular reviews will be conducted to ensure targets are met, with officials held accountable for any shortfalls.
Achieving this tax collection goal is essential for Karnataka’s growth and development objectives.
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