Bihar deputy CM urges Centre to arrange for e-payment at all banks for realisation of taxes
PTI | May 11, 2010
Bihar deputy chief minister S K Modi today urged the Centre to arrange for e-payment in all banks for realisation of taxes.
Lack of e-payment facility with banks other than the State Bank of India was the biggest hurdle in the way of realisation of taxes and the Centre should take immediate initiatives for it, Modi told a workshop on e-governance organised by the International Finance Corporation (IFC).
Stating that the Central Excise department was availing e-payment facilities from 26 leading banks in India, he said "but similar facilities don't exist in states, including Bihar.
Bihar could realise revenue of Rs 5531 crore during the last fiscal (2009-10) of which the state government received 46 per cent as payment of taxes through e-payment system, Modi said.
"We also expect that introduction of the e-payment system in other banks can help boost the state government's effort to improve revenue collection," Modi, who also holds finance portfolio, said .
Deputy chief minister further said if these facilities were made available to other banks in Bihar it would come in handy for businessmen not not having accounts with SBI to ensure payment of taxes through e-payment system.
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