Don’t miss the latest developments in business and finance.

Delhi govt plugs loopholes in tax collection

Image
Press Trust of India New Delhi
Last Updated : Jan 24 2013 | 1:49 AM IST

Top officials in the Finance Department said new initiatives will include moving completely towards online payment of taxes by traders and introduction of a robust system to deter tax evasion.

According to a CAG report, the Delhi government ended up with non-realisation of over Rs 2,019 crore by way of under-recovery and non-levy of sales tax and value added tax during 2010-11.

In the report filed earlier this month, the CAG had said it found discrepancies such as cases of irregular claims of tax exemption, grant of concessional rates of tax, non- realisation of taxes and under assessment.

The officials said there was scope for improving tax collection and the government has decided to streamline the tax administration to punish tax evaders and ensure transparency.

The Delhi government had collected a total revenue of Rs 19,972 crore in 2011-12 and set a target to generate Rs 26,150 crore from tax revenue in 2012-13, an increase of 31 per cent from the previous fiscal.

The officials said the government has already introduced a number of "concrete measures" for checking "tax evasion and leakages", which include doing away with manual filing of sale and purchase details by the traders and increasing frequency of tax surveys at business premises. (MORE)

  

Also Read

First Published: Jun 17 2012 | 10:35 AM IST

Next Story