Delhi has collected ₹31,462.62 crore in taxes till February of this fiscal year: Kailash Gehlot
Ahead of the presentation of the budget in the meeting, Delhi finance minister Kailash Gehlot informed on Friday that the government of the Union territory has gathered €31,462.62 crore in taxes till February of this financial year inclusive €26,096.79 crore from GST. The new finance minister of the Union territory convened a meeting with senior officials from the Ministry of Trade and Taxation on Friday.
During the meeting, the minister discussed budget preparations and discussed ways to promote trade in Delhi. Gehlot also analyzed the efforts made to increase the tax revenue of the Union territory.
“The Trade and Tax Department plays an important role in the government. The revenues in GST and VAT combined were more than €27,000 crores in 2021-22. This year we expect a remarkable growth of the collection,” said the Minister of Finance in a statement.
The minister added that in addition to tax evasion, evasion is also a major problem. “Under Chief Minister Arvind Kejriwal, the government wants to have a transparent system and is continuously working to identify defaulters. Regular meetings with the market and trade associations take place through outreach camps to mitigate such problems,” he said.
From the beginning of the fiscal year to February 2023, the total tax revenue collected was €31,462.62 crores. This consisted of €26,096.79 crore obtained through GST and €5,365.83 crore via VAT. In the 2022-2023 fiscal year €4,169.18 crores was collected through taxes on petroleum products while the amount in the previous year was 2021-2022 €3,739.41 crore.
The official statement added that the Delhi government regularly takes action against defaulters to increase the tax revenue of the Union territory. After conducting mandatory field verification of suspected taxpayers, the government is also launching an action under the DGST Act, 2017.
Regular meetings are organized with market and trade associations through outreach camps to sensitize them on the latest notices, circulars, amended provisions of DGST, the benefits of paying taxes and the consequences of tax evasion. Their grievances are also treated during these outreach camps,” the statement said.
(with input from PTI)