Home / Business / Delhi to lose 65 cr revenue in tax waiver for CWG

Delhi to lose 65 cr revenue in tax waiver for CWG

New Delhi: As it endeavours to make the Commonwealth Games in the city a success, the Delhi government is expected to lose about Rs 65 crores in tax waivers related to the event.

The government which is spending about Rs 15,000 crores in developing infrastructure for the Games, will lose between Rs 60 crores to 65 crores in entertainment tax and luxury tax, said Delhi Chief Secretary Rakesh Mehta.

Delhi government has waived off the 10 per cent luxury tax for three months from September. It has also decided to exempt Games ticket sales at stadiums from 15 per cent entertainment tax.

The government says it is likely to lose about Rs 35 crores as entertainment tax from the sale of 17 lakh tickets and the luxury tax waiver on hotels will lead to a loss of Rs 30 crores.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Pinterest