A Study of State's Own Tax Revenue in Mizoram

This study is an attempt to examine the trend and composition of state’s Own Tax Revenue (OTG) in Mizoram with the objectives of making empirical based recommendations to improve the yield of state’s own tax revenue. The study is based on secondary data collected from Annual Financial Statements, Government of Mizoram during 2005-06 to 2014-15. Data are analyzed using the conventional methods of percentages, ratios, compound annual growth rates and tax buoyancy. From the result of the analysis the study found that Own Tax Revenue of the State has consistently increased over the study period with compound annual growth rate of 19.15 percent per annum. The estimate of buoyancy for own tax revenue is 1.31 which implies that there is positive significant relationship between Own Tax Revenue and Gross State Domestic Product (GSDP) in the State. The study concluded that there is ample opportunities to improve revenue collection from Own Tax Revenue by increasing the efficiencies of the existing system of taxation in the State.