Delhi Finance Minister Kailash Gahlot said the collection of GST and VAT in the city was more than Rs.34,000 crores in 2022-23, and claimed Delhi will be a leading state for tax administration through the intervention of artificial intelligence. Trade and Taxes department plays an important role in the government, Gahlot said in a review meeting.
"The GST and VAT collection was more than Rs. 34,000 Crores in 2022-23. This year we expect remarkable growth in the collection," said Gahlot in a statement.
Delhi government wants to constantly evolve while making the system more transparent and efficient. The plan is to have a well-structured system by adopting the best practices from all the leading states across the country.
Delhi's GST collection has increased by 20% in 2022-23
This is a significant achievement, and it is a testament to the hard work of the Delhi government and the Trade and Taxes department. The increase in collection is likely due to a number of factors, including the growth of the Delhi economy, the implementation of new GST laws, and the Delhi government's efforts to improve tax administration.
The Delhi government is committed to using artificial intelligence (AI) to improve tax administration
AI has the potential to revolutionize tax administration by making it more efficient, transparent, and effective. The Delhi government is already using AI to track down tax evaders and to improve the accuracy of tax assessments. In the future, AI could be used to automate many of the tasks involved in tax administration, such as processing tax returns and issuing refunds.
The Delhi government is also committed to making the tax system more transparent and efficient
The government has launched a number of initiatives to achieve this goal, such as the introduction of a single-window clearance system for businesses and the creation of a taxpayer helpline. The government is also working to make the tax laws more user-friendly.
Overall, the Indian GST news is positive. The Delhi government has made significant progress in collecting GST, and it is committed to using AI and other technology to improve tax administration. These efforts will help to make the tax system more efficient and transparent, which will benefit businesses and taxpayers alike.
Here are some additional thoughts on the future of GST in Delhi
- The Delhi government is likely to continue to focus on increasing GST collection. This will be important for funding the government's spending priorities, such as education, healthcare, and infrastructure.
- The Delhi government is also likely to continue to invest in technology to improve tax administration. This will help to make the tax system more efficient and effective, and it will reduce the burden on taxpayers.
- The Delhi government is also likely to continue to work with businesses to make the tax system more user-friendly. This will help to encourage businesses to comply with the law, and it will help to boost the Delhi economy.