The Delhi government’s revenue from non-goods and services tax (GST) sources exceeded the revised estimates (RE) in FY 2025-26, driven by strong contributions from stamp duty, excise and vehicle taxes, according to actual collection data shared by officials on Sunday.
Initially the budget was included in $750 Crore and was later revised to $850 crore, the actual collections in the financial year have finally reached Rs $916.92 Crores achieving 107.87% of the revised estimate.
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Among the major contributors, stamp duty and registration fees – which include land revenue – slightly exceeded targets. vs Budget Estimate (BE) for $9,000 crore, collections reached Rs $9,119.72 crore, which means a completion of 101.33%. According to officials familiar with the matter, the government has set a higher target $11,000 crore for 2026-27, indicating confidence in sustainable activity in the real estate sector.
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However, tax collection more broadly presented a mixed picture. Goods and Services Tax, which remains the backbone of Delhi’s revenue, came in below expectations. Against BE of $41,000 crore, renewable energy has been reduced to $40,000 Crores. Actual collections have arrived through March $36,629.54 Crores – 91.57% of the revised target. Officials attributed the shortfall to the two-slab GST structure implemented last September, and potential moderation in consumption or compliance levels. Likewise, the value-added tax – which relies largely on sales of fuel and goods outside the GST system – has also performed poorly. Be who $Rs 8,000 crore has been revised down to $7,500 crore, with actual collection at $7,148.52 Crores – 95.31% from renewable energy.
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In contrast, revenues from government taxes – driven primarily by alcohol sales – recorded strong growth. Against re $Collections reached 6,000 crores $6,206.69 crores, achieving the target of 103.44%. Vehicle taxes also fared better with the arrival of collection $3,245.70 for renewable energy $3200 Crores.
