SLIDE 56 Bus pay more taxes than metro...
Source: CSE estimates based on data from data from Operational Statistics, December, 2011, March 2010, and April, 2005 issues, Delhi Transport Corporation
Comparison of Tax liabilities of DTC and DMRC
S.No.
Tax liability DTC DMRC
1
Land Acquisition tax Liable Exempted
2
Property tax Liable Exempted
3
VAT on bus acquisition Liable Exempted
4
VAT on consumables Liable Exempted
5
VAT on spare parts Liable Exempted
6
Excise on bus acquisition Liable Exempted
7
Excise on consumables Liable Exempted
8
Excise on spare parts Liable Exempted
9
MV Tax Liable N.A.
11
Customs Liable Exempted
12
Wealth tax N.A. Liable
13
Fringe Benefit tax N.A. Liable
14
Capital gains tax N.A. Exempted
15
Works’ contract tax N.A. Exempted
Source: CSE’s own compilation
Metro enjoys infrastructure status to enjoy fiscal incentives to get priority financing, lower rate of interest, financing for working capital, longer tenure of financing, and
- ther fiscal incentives etc.
Public transport is for public good. Exempt bus transport from taxes.