BJP to levy commercial property taxes
The BJP government has decided to levy commercial property taxes on properties owned by discoms and power generation companies due to the steep hike in power tariff, especially in streetlights.
According to officials, discoms are charging electricity at commercial rates for street lighting and operating pumps in corporation parks.
As per the recent order, the electricity rate for streetlight has been increased from Rs 5.60 to Rs 7.25. Officials say that this will increase the cost of street lighting by at least 25 per cent.
The cash-strapped corporations are looking for ways to boost its revenue. Councillors said that the government is forcing them to increase taxes.
The North Delhi Municipal Corporation is going to send a notice to all discoms and power generation companies to clear their dues. City discoms have been evading payment of service tax, which they were supposed to pay instead of property tax from past few years.
To read more real estate news:
Real estate demands tax modification in budget 2012
Source: The Times of India
BJP government, City discoms, corporations, Councillors, discoms and power generation companies, levy commercial property taxes, North Delhi Municipal Corporation, Service Tax, Street lighting
