VAT collection has crossed Rs 20,000 crore: Delhi govt

VAT is the Delhi government’s most important revenue source and accounts for more than two-third of the total revenue collected by the government, said officials.

By: Express News Service | New Delhi | Published: March 27, 2016 3:35 am

The Delhi government’s trade and taxes department Saturday announced that VAT collections in the capital had exceeded Rs 20,000 crore in the current financial year, and that the government’s revenue is expected to swell, with a week left for the financial year to end.

“Delhi has witnessed a growth of 11 per cent in VAT collection in the current financial year, which is higher than the growth of only 2 per cent in the last financial year,” said VAT commissioner S S Yadav.

VAT is the Delhi government’s most important revenue source and accounts for more than two-third of the total revenue collected by the government, said officials.

“The tax base has been widened by adding more than 52,627 new registered dealers in the network. Information technology has been used in a big way to analyse the data and identify defaulters,” said Yadav.

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“Data sharing has been done with other state governments, including Uttar Pradesh. An effective check has been placed on the entry of goods in Delhi at border points,” he added.

Over 50 dealers doing business on cancelled or invalid registration have been caught by bills uploaded under the ‘Bill Banvao Inaam Pao’ Scheme introduced by the government. Under the scheme, people upload their purchase bills using the DVAT BILL mobile app.

Government officials said more than 100 dealers found manipulating records have been caught through the uploaded bills.

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