Page 48 - economic review

MACRO ECONOMIC PROFILE20

1.52 The details of Revenue Receipts from 2008-09 to 2014-15 BE is given in Appendix 1.32.

State’s Own Tax Revenue (SOTR)

1.53 The main sources of State’s Own Tax Revenue (SOTR) are Sales Tax including Value Added
Tax (VAT), Stamps and Registration fees, State Excise Duties, Motor Vehicle Tax and Land Revenue.
The receipt from State’s Own Tax Revenue in 2013-14 was ` 31995.01 crore, which was 82.53 per
cent of the targeted revenue. Receipts from Sales Tax and VAT (` 24885.25 crore) contributed
around 78 percent of the total SOTR, followed by 8 per cent from Stamp duties and registration fees
(` 2593.29 crore), 7 per cent from Taxes on Vehicles (` 2161.09 crore), 6 per cent from State Excise
Duties (` 1941.72 crore), and 0.3 per cent from Land Revenue (` 88.78 crore).

1.54 The receipts from Sales tax including VAT showed 11 percent growth in 2013-14. In 2011-12 and
2012-13 it was 19.62 and 18.86 percent respectively. The growth rate in Motor Vehicles tax achieved
in 2013-14 was 12.28 percent. In 2013-14 the receipts from stamp duties and registration fees,
state excise duties and land revenue recorded a negative growth of 11.74, 16.09 and 27 percent
respectively. The details of State’s Own Tax Revenue (SOTR) from 2008-09 to 2014-15 BE is given
in Appendix 1.33.

State’s Own Non-Tax Revenue (SONTR)

1.55 The major shares of State’s own Non-Tax Revenue (SONTR) are from the State Lotteries,
Forest revenues and receipts from various social developmental services. Receipts from SONTR
registered perceptible increase in the last three years. In 2013-14, ` 5575.03 crore was realized
as SONTR, recording growth of 33 percent over 2012-13 (` 4198.51). As percentage of GSDP, the
receipt from State’s own non-tax revenue increased to 1.38 per cent in 2013-14 from 1.20 per cent in
2012-13. Significant growth in non-tax revenue is expected in coming years in the context of revision
of fees and fines for the services rendered by the Government.

1.56 Substantial increase of 42 percent in revenue was recorded under State lotteries in 2013-14.
Receipts from forest produces and from dividends and profits had also shown considerable growth
of 39 percent and 109 percent respectively.

1.57 Out of the total State’s Non-Tax Revenue receipts of ` 5575.03 crore realized in 2013-14,
` 3795.70 crore was from lotteries. This constitutes 68 per cent of the total non tax revenue of the
State. This was followed by ` 630.05 crore from Social Developmental Services (11.30 per cent) and
` 330 crore from Forest revenue (6 per cent). In 2013-14 receipts from debt services and dividends
and profits was ` 250 cr. (4.48 percent). The details of State’s Own Non - Tax Revenue (SONTR)
from 2008-09 to 2014-15 BE is given in Appendix 1.34.

Central Transfers

1.58 Central Transfers comprises of Share in central taxes and Grants in aid from Centre. The share
of States in the net proceeds of shareable central taxes during the 13th FC period from 2010-11 to
2014-15 is 32 per cent. Out of this, State’s share is 2.34 per cent. In 2013-14 the central transfers by
way of share of central taxes and grant-in aid received was ` 11606.89 crore. This was 81 per cent
of the Central receipts estimated in the budget. The considerable fall in the transfers from Centre
affected the performance of State finances to a great extent in 2013-14. Growth rate recorded in
Central government transfers in 2013-14 was 17.69 percent.

Kerala State Planning Board