 "Arun Jaitley")
Finance Minister Arun Jaitley on Tuesday inaugurated the Non-Tax Receipt Portal (NTRP) to electronically collect in Non-Tax receipts over Rs two lakh crores from citizens, corporate and other users.
This is an important initiative taken by Controller General of Accounts (CAG), Department of Expenditure, Ministry of Finance under the Digital India campaign.
The Government of India's annual collection of Non-Tax Receipts is over Rs two lakh crores. The biggest share flows from dividends paid by instituions including Public Sector Undertakings and Reserve Bank of India (RBI).
The other major items of Non-Tax Receipts include interest receipts, spectrum charges, royalty, license fee, sale of forms, RTI application fee.
NTPC remits Rs 989 cr as an interim divident to the government
NTPC remitted an interim dividend to the 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 including bank draft, cheque and 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 (PGA) and reconciliation and accounting of receipts by government, departments and ministries.
The online electronic payment will help avoid 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.
At present, SBI e-Pay is the PGA for NTRP.
