Delhi revenue collection up 20%

There has been a growth of 20.80 per cent in tax collection compared to last year: Sheila Dikshit.

Written by Agencies | New Delhi | Published: February 22, 2012 9:35:17 pm

The revenue collection by Delhi government in the first ten months of current fiscal went up by over Rs 2,800 crore compared to the corresponding period in 2010-11.

Chief Minister Sheila Dikshit,who also holds the Finance portfolio,said the government collected a total revenue of Rs 16,268 crore between April,2011 and January 31,2012 as against the collection of Rs 13,467 crore in the same period last fiscal.

“There has been a growth of 20.80 per cent in tax collection compared to last year. The impressive revenue collection reflects the sound financial position as well as the efficient tax administration system,” she said.

Dikshit,in the annual budget,had estimated to collect a total of Rs 20,246 crore from tax revenue in the financial year 2011-12.

“I am confident of achieving the tax collection target,” she said.

The government has collected Rs 11,283.78 crore from VAT till January 31 against the target of Rs 14,500 crore for the whole year.

Dikshit said there has been 62.64 per cent growth in collection of revenue from stamps and registration fee while 52.07 per cent growth has been registered in collection of tax on vehicles in the first 10 months of the fiscal compared to corresponding period in the last fiscal.

The target for collection from stamps and registration fee in the current year was Rs 2,300 crore. The government has collected Rs 1,851.15 crore so far till January.

Against the targeted collection of Rs 800 crore for the entire fiscal from motor vehicles,government has already collected an amount of Rs 890.38 crore which reflected ever increasing growth in number of vehicles in the city.

While the growth in collection of entertainment tax and excise tax has been estimated at 43.67 per cent and 21.71 per cent respectively,collection from VAT grew by 14.05 per cent. Further,the target for excise tax collection was fixed at Rs 2,300 crore and government has collected an amount of Rs 1,941.79 crore.

The government also collected Rs 221.43 crore as luxury tax.

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