Finance Minister Shri Arun Jaitley inaugurates the Non-Tax Receipt Portal (NTRP); Portal provides a one-stop platform to citizens/corporates/other users for making online payment of Non-Tax Receipts to Government of India;
At the launch today, NTPC remitted an Interim Dividend to Government, through NTRP, amounting to Rs. 989 Crore.
The Union Finance Minister Shri Arun Jaitley inaugurated the Non-Tax Receipt Portal (NTRP), developed by the Office of Controller General of Accounts (CGA) here today. The portal provides a one-stop platform to citizens /corporates/other users for making online payment of Non-Tax Receipts to Government of India. The annual collection of Non Tax Receipts is over Rs. 2 lakh crores. The biggest share flows from Dividends paid by Public Sector Undertakings, RBI etc. The other major items of Non Tax Receipts are interest receipts, spectrum charges, royalty, license fee, sale of forms, RTI application fee etc. This is an important initiative taken by Controller General of Accounts, Department of Expenditure, Ministry of Finance under the Digital India campaign. Shri Jayant Sinha, Minister of State for Finance, Shri Ratan P Watal, Finance Secretary, Shri A.N.Jha, Special Secretary, Department of Expenditure, Ms Arundhati Bhattacharya, Chairperson, State Bank of India (SBI) and Shri M.J. Joseph, Controller General of Accounts were also present on the occasion among others.
At the launch today, NTPC remitted an interim dividend to Government, through NTRP, amounting to Rs. 989 crore.
While direct and indirect taxes are largely collected using the e-payment mode, Non-tax revenues (NTR) flow mainly through physical instruments such as bank draft/cheque/cash. The Non Tax Receipt Portal fills this vacuum and provides an end to end solution for complete value chain of non-tax receipts, including online user interface, payment at the Payment Gateway Aggregator and reconciliation and accounting of receipts by Government Departments/Ministries. The online electronic payment in a completely secured IT environment will help common users/citizens from the hassle of visiting bank premises for issue of drafts, and later to Government offices to deposit the instrument for availing services. It also helps avoidable delays and remittance of these instruments into Government account as well as eliminate undesirable practices in the delayed deposit of these instruments into bank accounts. A depositor can make online payment to the Government using either a Credit Card, a Debit Card or through Net Banking with the Payment Gateway Aggregator (PGA). At present, SBI e-Pay is the PGA for NTRP. This is an important initiative taken by Controller General of Accounts, Department of Expenditure, Ministry of Finance under the Digital India campaign.
CAclubindia
