Tax collection rises by 13.01 per cent in Delhi in 8 months

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New Delhi, Jan 7 (UNI) The Delhi government today said a 13.01 per cent increase has been recorded in tax revenue collection during the eight months of the current financial year.

Delhi Finance and Planning Minister Dr A K Walia said Rs 7675.16 crore was collected till November 2007 during current the financial year as against Rs 6791.71 crore during the corresponding period of the last fiscal.

There has been an increase of Rs 883.45 crore in the revenue tax collection, he added.

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

However, VAT collections went up by 11.08 per cent.

The Finance Minister said Rs 37.76 crore was collected as entertainment tax as against Rs 29.38 crore in the corresponding period last year, Rs 305.40 crore in taxes on vehicles against Rs 245.79 crore, Rs 821.56 crore in stamps and registration fee against Rs 674.22 crore and Rs 222.40 crore in luxury tax against Rs 195.24 crore, Rs 815.51 crore in state excise against Rs 721.70 crore and Rs 5468.60 crore in VAT against Rs 4923.06 crore.

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 till November 2007 as against Rs 226.94 crore during last year, he added.

The Minster said 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, he added.

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

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