50% reduction likely in tax collection, says Manish Sisodia

Such reduction will make it hard to pay salaries of government employees, says Delhi Deputy Chief Minister

There may be a reduction of almost 50% in tax collections due to demonetisation, Delhi Deputy Chief Minister Manish Sisodia said on Saturday.

Sisodia added that such reduction will make it hard to pay salaries of government employees.

"Tax collection can be 50 per cent lower this month as there is no business in Delhi markets. If so, it would be hard to pay salaries of government employees," he tweeted.

Tax collection can be 50% low this month as there is no business in Delhi markets. If so, it would b hard to pay salaries of govt employees.

— Manish Sisodia (@msisodia) December 3, 2016

 

Sisodia added that similar concern was expressed by many state finance ministers at the Goods and Services Tax (GST) Council Meet held here on Saturday which was also attended by Union Finance Minister Arun Jaitley.