Delhi government relies on tax revenue for new schemes

timesofindia.indiatimes.com

The Delhi government is relying on tax collection to fund new welfare schemes in the upcoming financial year. Current data shows that while GST and VAT collections have increased by over 9%, other revenue sources are falling short of projections. As of February, the government collected Rs 40,009 crore from GST and VAT, but motor vehicle tax and excise duty collections were below expectations. The motor vehicle tax is nearly 22% short of its target, and excise duty is about 14% less than projected. Officials noted that while the overall tax collection is satisfactory, the revenue from motor vehicle tax and excise has been disappointing. They are still finalizing data for January and February, but remain hopeful for the final figures.


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