Delhi collected ₹31,462.62 crore in taxes till Feb of this fiscal: Gehlot

During the meeting, the minister reviewed budget preparations and discussed ways to promote trade in Delhi. Gehlot also analyzed the efforts that are being made at augmenting the tax revenue from the Union Territory.

“The Trade and Taxes department plays an important role in the government. The revenue collections in GST and VAT combined were more than ₹27,000 crores in 2021-22. This year, we expect remarkable growth in the collection,” the Finance minister said in a statement.

The minister added that in addition to tax default, evasion is also a major issue. “Under Chief Minister Arvind Kejriwal, the government wants to have a transparent system and is continuously working on identifying defaulters. Regular meetings with the market and trade associations are happening through outreach camps to reduce such problems,” he said.

From the start of the fiscal year until February 2023, the total tax revenue collected amounted to ₹31,462.62 crores. This consisted of ₹26,096.79 crore obtained through GST and ₹5,365.83 crore through VAT. In the fiscal year of 2022-2023, ₹4,169.18 crores were collected through taxes on petroleum products, whereas in the previous year of 2021-2022, the amount was ₹3,739.41 crores.

The official statement added that the Delhi government takes regular action against tax defaulters to augment the tax revenues of the Union Territory. After conducting mandatory field verification of suspected taxpayers, the government also initiates an action under the DGST Act, 2017.

“Meetings with market and trade associations through outreach camps are organized regularly to sensitize them about the latest notifications, circulars, amended provisions of DGST, the benefits of tax-paying, and the repercussions of tax evasion. Their grievances are also addressed during these outreach camps,” the statement said.

(With inputs from PTI)