Tamil Nadus Commercial Tax Revenue Rises to ₹1.38 Lakh Crore in FY 2024 - 25
The Tamil Nadu Commercial Tax Department has reported a significant increase in tax revenue for the financial year 2024–25, with collections reaching ₹1.38 lakh crore. This marks a notable growth from ₹1.25 lakh crore in the previous financial year, according to a policy brief tabled in the State Assembly yesterday.
The department generates revenue primarily through the Goods and Services Tax (GST), Value Added Tax (VAT) on petrol and diesel, and taxes on liquor sales. The policy brief further stated that the combined revenue of the Commercial Tax Department and the Deed Registration Department stood at ₹5.80 lakh crore.
In an effort to curb tax evasion and improve compliance, the department has implemented advanced technologies aimed at increasing awareness among traders regarding GST registration and identifying discrepancies in tax payments.
As a result of these initiatives, the state received an additional ₹12,139 crore in revenue during 2024–25, reflecting enhanced efficiency and enforcement in tax administration.
