Delhi govt posted 17% growth in tax revenue collection

The Arvind Kejriwal government has set a target of Rs 24,500 crore in VAT collection while it expects Rs 5,200 crore in state excise in the next financial year.
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Mar 29, 2016, 07.58 AM | Source: PTI

Delhi govt posted 17% growth in tax revenue collection

The Arvind Kejriwal government has set a target of Rs 24,500 crore in VAT collection while it expects Rs 5,200 crore in state excise in the next financial year.

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Delhi govt posted 17% growth in tax revenue collection

The Arvind Kejriwal government has set a target of Rs 24,500 crore in VAT collection while it expects Rs 5,200 crore in state excise in the next financial year.

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Delhi govt posted 17% growth in tax revenue collection
Deputy Chief Minister Manish Sisodia said that the Delhi government has posted a growth of 17 percent in its tax revenue collection in the current year as compared to 2.64 percent during 2014-15.

The Arvind Kejriwal government has set a target of Rs 24,500 crore in VAT collection while it expects Rs 5,200 crore in state excise in the next financial year.

Last year, the government had set a target of Rs 24,000 crore through VAT collection, but later it had to bring it down to Rs 21,000 crore.

"In this financial year, we have seen a historic growth of 17 percent in tax revenue, 31 percent in state excise and 21 percent in stamp duty," Sisodia, who also holds finance portfolio, said.

He said the current year's non-plan expenditure was budgeted and approved for Rs 22,129 crore.

"We will manage to restrict the total non-plan expenditure to the level of Rs 21,565 crore in the 2015-16 despite giving an unforseen loan of Rs 551 crore to the North and East municipal corporations, which was not a part of the original estimates of non-plan expenditure," he said.

"The plan outlay which was budgeted and approved for Rs 19,000 crore is porposed to pan out at Rs 16,400 crore level in the revised estimates 2015-16.

"Our total revised estimated expenditure for the current year is Rs 37,965 crore against the total budget estimate of Rs 41,129 crore," Sisodia said.

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