GVMC
Greater Visakhapatnam Municipal Corporation (GVMC) has introduced a new penalty provision to boost its collection of property tax. This penalty is simple interest of 2 per cent on property tax for half a year, if the tax has not been paid by the end of the first quarter of that year. What this essentially means [...] Continue Reading »
The Greater Visakhapatnam Municipal Corporation (GVMC) is planning to develop the city but before that it has to tackle the debt due to government departments defaulting on property tax. Around 30 government wings owe property tax of Rs 4.18 crore to the civic body, with the APTransco leading the defaulters list owing Rs 80.03 lakh [...] Continue Reading »
Greater Visakhapatnam Municipal Corporation is talk of the town due to bad collection of property tax and large debt this year. Apart from this, it is also facing problem in completing the projects in stipulated time under Jawaharlal Nehru National Urban Renewal Mission (JNNURM). The debt has also risen to Rs 130 crore and for [...] Continue Reading »
