To boost collection of revenue, the West Bengal government has decided to opt for 'multiple instruments' and streamline methods of compliance for taxpayers, Finance Minister Amit Mitra said on Monday.

Launching an e-governance initiative for creating a tax-friendly regime in the state, Mitra said the efforts would ease tax collection and also boost revenue by at least 30 per cent.

"This is one of the several steps to be taken by the state government to make West Bengal financially sound and one of the best among all states," Mitra told reporters. "The steps will help escalate revenue, eliminate harassment, make the system free from corruption and definitely result in better compliance," Mitra said.

The initiatives would cost a total of Rs 70 crore, of which 75 per cent would be shared by the Centre and the remainder by the state government under a central project -- 'Mission Mode'.

"With these initiatives, the state government will be able to collect more revenue than Rs 13,500 crore last year," he said. Mitra, however, declined to give a projection of revenue collection during the current financial year, since the state's full-fledged budget was yet to be placed.

The five e-governance initiatives launched by Mitra were -- online registration and dematerialisation (demat) of registration certificate, online return under West Bengal Sales Tax Act-1994, online payment under industrial promotion assistance scheme through electronic clearing system (ECS), online value added tax (VAT) refund and payment of refund through ECS besides online submission of option under composition scheme in Form-16.