Cyber treasury comes of age in MP

By Muslim Saleem

Bhopal, April 23, 2012

Thanks to constant efforts made by Madhya Pradesh government led by Chief Minister Mr. Shivraj Singh Chouhan, the people in Madhya Pradesh are growing IT savvy and are saving time and energy by increasingly using the online facilities. The ever swelling number of transactions through cyber treasury testifies this. People’s response was lukewarm when this facility was introduced in year 2007. That year, taxes amounting to a negligible Rs. 15 crore were deposited through cyber treasury and only 24 thousand 477 transactions made, reports SMS News & Features.

Gradually, people started to comprehend advantages of this facility. The number of transactions and quantum of amount deposited also rose by the year. Rs. 7,614 crore was deposited in the government exchequer and over 10 lakh transactions were made through cyber treasury in the year 2011-12.

For paying taxes sitting ensconced at your home through cyber treasury, log in to the website www.mptreasury.org of the Finance Department. For the purpose of transport-related taxes, click on ‘transport’. Go to the website and insert your details. After inserting the login and password provided for e-banking, the transaction will be approved. Following this, the amount will be debited from your bank account and you will get CIN Number, the print of which can be taken by you. After depositing money thus, you can solicit enquiry about the challan with the help of this CIN number anytime. This entire process takes hardly five minutes.

At present, only commercial taxes and transport related taxes are deposited through cyber treasury. At present only those people avail this facility who have accounts in the State Bank of India. Now, negotiations with the Reserve Bank of India are in an advance stage and six more banks are going to be linked with this shortly. Efforts are also afoot to ensure payment of taxes of some other departments through cyber treasury.

The number of transactions through cyber treasury has been increasing year by year. Only Rs. 15 crore was deposited through 24 thousand 477 transactions in the year 2007-08. The process gathered momentum from the next year itself. As a result, Rs. 366 crore was deposited through 4 lakh 29 thousand transactions in 2008-09 followed by Rs. 651 crore through 6 lakh 39 thousand 915 transactions in 2009-10, Rs. 3,303 crore through 8 lakh 59 thousand 809 transactions in 2010-11 and Rs. 7,614 crore were deposited through 10 lakh 12 thousand 36 transactions in the year 2011-12. Thus, this increase is 500 times more than the year 2007-08.

Cyber treasury has made the process of depositing taxes beyond imagination. You are no longer required to stand in long queues for depositing taxes. The risks involved in carrying cash are also avoided. The beauty of the system is that taxes can be deposited through cyber treasury anytime during the day or night and even on holidays. Earlier, businessmen used to send their employees to deposit taxes who used to do at their convenience thereby causing inordinate delays.