The CAG report of 2000-01 shows that the state suffered a revenue loss of Rs 3,502.45 crore because of under-assessment and under-collection of levies. This was revealed after a random survey, covering only sales tax, excise and road revenue departments.
The report noted that receipts from land revenue and taxes were down by 37 and 67 per cent vis-a-vis budgetary estimates. In terms of unrealised interest of six departments alone, the state lost Rs 783.77 crore between 1996 and 2000. In other words, the financial mess could be tackled by improving revenue collection rather than blaming the Centre.