New Delhi, Sep 15 (FN Bureau) Bidding of liquor shops under the new excise policy will earn the Delhi government Rs 3,500 crore of revenue in a year clocking the overall revenue at Rs 10,000 crore annually, Deputy Chief Minister Manish Sisodia said on Wednesday. “We will get Rs 10,000 crore revenue from bidding of liquor shops under the new excise policy. We have received nearly 225 bids for 32 zones of the city. This will be around Rs 3,500 crore extra revenue from what we got in 2019-20. In the financial year 2019-20, the government had collected a revenue of Rs 6,300 crore from bidding of liquor shops,” he added. The deputy CM who also handles the excise department’s portfolioa said the extra revenue is a result of reforms in the excise policy. “A major chunk of our revenue used to be stolen earlier. The latest reform will curb such practices,” he added.
Sisodia also said that the revenue of the Delhi government over the budgeted estimate for the fiscal year 2020-21 was in deficit by 41 per cent while a lag of 23 per cent is maintained in the current fiscal year so far. “Due to coronavirus-induced lockdown, economic activities are less so tax collection is low. Under value-added tax (VAT), the government earned 25 per cent less revenue in the current fiscal, while in excise it collected 30 per cent less revenue,” he said. The minister added that collections in stamp duty and motor vehicle taxes are also down by 16 per cent and 19 per cent, respectively, for the current fiscal.