Civic panel vie for revenue alternatives in Nashik
While opposing the proposed increase on property tax in the civic budget, the Nashik Municipal Corporation‘s (NMC) standing committee (SC) points out at alternative areas of revenue generation.
They have suggested levying of commercial tax on small businesses operating out of domestic premises.
Standing committee chairman Uddhav Nimse stated that out of 1,132 galas owned by the NMC, charges can be recovered according to the ready reckoner rates. Another source of revenue generation suggested are the farmhouses at the 22 villages lying within NMC limit upon which property tax can be levied. To this end a survey has been ordered to be conducted by the standing committee.
Apart from these innovative sources the chairman designed plans to recover house and water cess taxes from the upcoming constructions and also proposed 23 NMC-owned properties to be developed on a build- operate- and-transfer (BOT) basis.
Estimated annual revenue of around Rs 70 crore is expected out of the initiative.
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Source: The Times of India
annual revenue, civic budget, Commercial tax, Nashik Municipal Corporation, property tax, revenue generation, Standing committee
