Tax dues to GVMC ₹192 cr. Visakhapatnam Information

Visakhapatnam: The Larger Visakhapatnam Municipal Company (GVMC), which has been making an attempt to extend its income by way of numerous measures, is discovering it troublesome to gather dues (together with fines) from numerous central and state authorities organizations for a number of years in a row. Is.
Failure to pay tax dues on time, the arrears of those organizations and establishments have elevated to round 192 crores in the previous couple of years.

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Whereas the dues of central authorities property are round 120 crores, the stability is to be recovered from numerous state authorities organizations or departments.
With the 2021-22 monetary yr approaching, GVMC has centered on clearing the lengthy pending tax dues and reaching its income goal for this monetary yr.
The civic physique in Vizag metropolis has round 5.44 lakh private property tax assessments. GVMC has been in a position to accumulate 207.9 crores out of the focused 342.68 crores until March 9.
Deputy Commissioner (Income), GVMC, P Nallanayya stated the civic physique is working in direction of amassing 100% of the property taxes earlier than the tip of the monetary yr. “Particular directions have been given to the zonal commissioners. All measures are being taken to recuperate the remaining 135 crore dues. We’re reducing off the gathering of water provide and issuing ceiling notices to the defaulters for a very long time. We can not spare defaulters as GVMC depends on taxes to run its day-to-day operations,” Nallanayya stated.
As per the amended municipal regulation, property tax is being levied on the premise of the market worth of the property, whereas property tax is being levied on the premise of rental worth of the property as in opposition to the earlier technique of levying property tax. The brand new tax regime got here into impact from the monetary yr 2021-22.
Primarily based on this, GVMC has additionally moved to the brand new system. In response to GVMC officers, the civic physique is issuing notices with revised taxes and redressal of complaints acquired from public on the identical. The adoption of the brand new system is partly attributed to delays in tax assortment.
Nallanayya requested the general public to clear all of the dues on time and cooperate with GVMC for the additional improvement of the town.

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