THE DELHI government’s ambitious targets for revenue generation this year are likely to fall short as official data reveals a shortfall of tax collection even by last financial year’s standards.
The total percentage from luxury, betting, excise and entertainment tax till October 24, 2015 was 52.95 per cent (2,573 crore), whereas the percentage of all four taxes collected till October 24, 2016 was 43.17 per cent (2,623 crore). Till October 24 last year, the excise tax collection was Rs 2,252.48 crore. This year, it stands at Rs 2191.26 crore.
Revenue collection from betting tax too shows a dip. Till October 24 last year, Rs 6.47 crore was collected as betting tax and this year, the figure stands at Rs 6.79 crore. While tax collection from excise and betting presents a dismal figure, officials said luxury and entertainment tax are bringing in the revenue. Even then with half of the year gone by, not even 50 per cent of the target has been achieved, they added.