New Delhi: Slowly recovering from the impact of the COVID pandemic, the Delhi government has managed to collect Rs 28,573 crore as GST and VAT in 2021-22, an increase of 35 per cent over the previous fiscal, officials said on Thursday.
He said Delhi’s Goods and Services Tax (GST) and Value Added Tax (VAT) collection in 2020-21 stood at Rs 18,572 crore due to disruption in economic activities due to Covid-related restrictions.
Compared to 2019-20, a negative growth of 19.53 per cent was registered in GST and VAT collection in 2020-21. A tax official said the government had collected Rs 25,715 crore as GST and VAT in 2019-20.
“The increase in GST and VAT is a sign of recovery and an indication that the collection target in 2022-23 will be achieved,” he said.
There are multiple slabs in GST for different goods and services. VAT is levied on petroleum products and liquor in Delhi.
The Delhi government has estimated a total receipt of Rs 75,800 crore in the budget for 2022-23, out of which the total tax collection is estimated at Rs 47,700 crore. Read also: RBI proposes to simplify payment settlement process for business through e-commerce
GST and VAT collection is estimated to be Rs 31,200 crore, which is 65.5 per cent of the tax revenue. Other components of tax revenue include excise duty, stamp and registration fees and taxes on motor vehicles. Read also: Free IPL Matches, UPI Rewards, Bill Payments: Tata New App Live With Big Offers
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