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Kerala - Thiruvananthapuram Printer Friendly Page   Send this Article to a Friend

Tax revenue growth dipped in 2009-10

Special Correspondent

THIRUVANANTHAPURAM: The growth of the State's own tax revenue declined temporarily during 2009-10 from the relatively healthy trend of the previous years.

The Economic Review for 2010 of the State Planning Board says the estimated growth rate for 2010-11 (budget estimate) was 18.49 per cent against the actual growth rate of 10.22 per cent in 2009-10.

The total own tax revenue realised during 2009-10 was Rs.17,625.02 crore and the budget estimate for 2010-11 was Rs.20,884.23 crore.

The sales tax was the major source of the State's own tax revenue during 2009-10, having contributed Rs.12,770.89 crore (72.4 per cent) followed by the stamps and registration fees of Rs.1,896.41 crore (10.75 per cent).

The detrimental effects of the global economic downturn affected the contributions from stamps and registration that year. Their contributions had decelerated to Rs.2,002.99 crore during 2008-09 from Rs.2,027.97 crore in 2007-08.

The State excise accounted for Rs.1,514.81 crore (8.59 per cent), motor vehicles tax Rs.1,131.1 crore (6.42 per cent) and land revenue Rs.53.93 crore (0.31 per cent).

Growth rate

The annual average growth rate of the State's own tax revenue from 1999-2000 to 2010-11 was 13.49 per cent — land revenue 20.11 per cent; stamps and registration fees 19.18 per cent; State excise duty 11.65 per cent; sales tax 13.5 per cent; and motor vehicle tax 12.47 per cent.

The annual growth rate in the State's own non-tax revenue was 18.79 per cent during 2009-10. In actual terms, it increased from Rs.1,599 crore in 2008-09 to Rs.1,852 crore in 2009-10. The revenue from the major components of non-tax revenue, except social development services, increased during 2008-09 over the previous year. The revenue from social development services came down from Rs.310.96 crore in 2008-09 to Rs.294.64 crore in 2009-10.

The general services and the economic services together accounted for more than three-fourths of the State's own non-tax revenue for 2009-10.

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