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VAT (Value Added Tax) »
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VAT collection doubled in five years
April, 06th 2010

The introduction of Value Added Tax in the national capital has significantly strengthened the state exchequer with tax collection registering a 100 per cent increase in the last five years.

As per the latest official figure, Delhi Government has collected Rs 11,118.87 crore through VAT in the fiscal 2009-10 as against the total tax revenue of Rs 5,199.76 crore in 2004-05 which is inclusive of sales tax.

The VAT, considered as simple and transparent, was introduced in the city on April one, 2005 and from that year onwards the revenue collection of Delhi Government witnessed marked improvement.

Following introduction of VAT, the revenue collection in the fiscal 2005-06 went up to Rs 6,499 crore from Rs 5,199.76 crore in 2004-05, registering a growth of 25 per cent.

 
 
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