In order to bring more traders under tax net in the Capital, the Delhi government will run a large-scale campaign from April to encourage the city’s dealers, whose gross turnover is more than Rs 20 lakh annually, to register themselves with its VAT department.
The government’s Trade and Taxes Department will run campaign in various markets of the Capital and also resort to Interactive Voice Response System (IVRS), radio and newspaper ads to target “unregistered traders”.
According to the plan, the government will also gather inputs about dealers whose annual turnover is more than Rs 20 lakh but they have not registered themselves with the VAT Department in order to evade paying taxes. The move aims at boosting the VAT collection in the next fiscal.
“The department has decided to run a campaign in various markets of the city, where traders will be asked to register themselves with it from April. Besides, we will appeal to the unregistered traders through IVRS, radio, newspaper and television ads to come under the tax net,” said a senior government official.
The official added that if traders, whose annual turnover is over Rs 20 lakh, fail to get themseves registered with the VAT Department, government will take strict action against them under the Delhi VAT Act.
VAT Department, headed by Deputy Chief Minister and Finance Minister Manish Sisodia, has focused on plugging loopholes to prevent tax evasion so that the revenue could be increased.
The department has managed to collect Rs 20,000 crore so far against its target of Rs 21,000 crore which officials claimed would be achieved by the end of March.