13 % increase in tax Revenue in current financial year: Walia

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New Delhi, Jan 7 (UNI) Delhi Finance and Planning Minister A K Walia today said 13.01 per cent increase has been recorded in tax revenue collection during eight months of the current financial year.

Rs 7675.16 crore was collected upto November, 2007 during the current financial year against Rs 6791.71 crore during the corresponding period of the last financial year, an increase of Rs 883.45 crore in the revenue tax collection.

Dr Walia said there has been increase of 29 per cent in Entertainment Tax, 24 per cent in taxes on vehicles, 22 per cent in Stamps and Registration Fees and 14 per cent in Luxury tax.

However, increase in VAT collections comes to 11.08 per cent.

Rs 37.76 crore was collected as Entertainment Tax against Rs 29.38 crore in the corresponding period of last year, Rs 305.40 crore in taxes on vehicles against Rs 245.79 crore last year, Rs.821.56 crore in stamps and registration fees against Rs 674.22 crore and Rs 222.40 crore in luxury tax against Rs 195.24 crore last year, Rs 815.51 crore in State Excise against Rs 721.70 crore last year and Rs 5468.60 crore in VAT against Rs 4923.06 crore last year.

There has been an increase of 16.37 per cent in collection of other taxes and duties on commodities and services. Rs 264.09 crore was collected upto November, 2007 against Rs 226.94 crore during last year.

There was an increase of 69.47 per cent in betting tax.

The collection was Rs 3.93 crore against Rs 2.32 crore last year.

Dr Walia expressed confidence that collection of revenue receipts of Delhi Government would continue to increase as the City-Government has been implementing traders-friendly and people-friendly policies. He further expressed hope that the target as envisaged in Revenue Estimates would be comfortably achieved.

UNI AR SB RS1907

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