The Delhi government has reported a significant 50% increase in VAT and GST collection for October compared to the previous year, bringing in ₹3,585.4 crore. This rise is attributed to the festive season boosting the city's economy. While VAT and SGST saw increases, IGST collection also contributed substantially to the overall growth.
Delhi governments VAT and GST collection posted a surge of about 50 per cent in October this year, against the same month in 2021. A collection of Rs. 3,585.4 crore from VAT, state goods and services tax (SGST) and integrated goods and services tax (IGST) was done by the Delhi government last month, against Rs. 2,405.7 crore in October 2021, as per government officials.
This Octobers tax collection comprised Rs 535.3 crore towards value added tax, Rs. 1127.6 crore as SGST and Rs 1,922.5 crore
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FAQ :
In October, Delhi's VAT and GST collection reached ₹3,585.4 crore.
This represents a surge of approximately 50% compared to the ₹2,405.7 crore collected in October 2021.
This October's collection included ₹535.3 crore for VAT, ₹1127.6 crore for SGST, and ₹1,922.5 crore for IGST.
A senior Delhi government official stated that the festive season played a key role in boosting the city's economy and, consequently, tax collection.
The Union ministry of finance data includes central GST and cess collected by the Delhi government, but excludes VAT on liquor and five petroleum products.