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VAT collection rises 9%
April, 08th 2010

The economic meltdown, as it seems, has had little impact on the earnings made by the Excise & Taxation Department of Chandigarh.

In fact, the VAT and excise revenue collection figures for 2009-10, released on Wednesday, showed substantial improvement over the preceding year.

Putting all the counts together, the administration earned revenue in the form of excise on liquor, entertainment tax and VAT of Rs 921.18 crore in 2009-10. This is Rs 78.27 crore (9.29%) more than Rs 842.91 crore collected in 2008-09.

The VAT revenue aggregated to Rs 787.78 crore in 2009-10, which is Rs 78.26 crore (11.03%) more than Rs 709.52 crore registered in 2008-09.

The excise kitty, too, is up, though marginally. The department registered excise revenue of Rs 133.65 crore in 2009-10, which is Rs 27 lakh more than Rs 133.38 crore in 2008-09.

Sanjay Kumar, excise-cum-finance secretary, UT Administration, said the increase in excise collection seemed quite significant against the backdrop of the fact that the department had succeeded in regulating the lifting of liquor in the outgoing financial year which resulted in reduced off-take.

 
 
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