SURAT: Surat Municipal Corporation (SMC), which has up to now collected over Rs852 crore from assessees, hopes to create a document in tax assortment this financial yr. This yr, tax call for raised is set Rs12 38 crore and the civic frame is aiming at amassing greater than Rs1,150 crore, which if accomplished, will be a document.
In the financial yr 2017-18, SMC controlled to assemble Rs851.47 crore in taxes from other people as in opposition to the call for for Rs1019 crore.
“We have already gone past final yr’s tax assortment. The major reason why for that is 20 consistent with cent hike proposed in person fees. Recovery of 68.87 consistent with cent of taxes on December 31, 2018 augurs neatly for the civic frame. We expect to assemble over Rs1,100 crore in taxes this yr. If SMC manages to go Rs1,000-crore determine, it's going to be a document,” an officer of SMC’s finance department stated.
He stated SMC finances for 2019-20 may be around Rs5,500 crore. SMC gets Rs60 crore on per thirty days foundation to make amends for octroi loss.
“When we raised person fees to earn additional revenue of Rs500 crore, the plan was once to have income of Rs2,000 crore and more. However, we're nonetheless short of clear income of Rs2,000 crore,” the officer stated.
In the financial yr 2017-18, SMC controlled to assemble Rs851.47 crore in taxes from other people as in opposition to the call for for Rs1019 crore.
“We have already gone past final yr’s tax assortment. The major reason why for that is 20 consistent with cent hike proposed in person fees. Recovery of 68.87 consistent with cent of taxes on December 31, 2018 augurs neatly for the civic frame. We expect to assemble over Rs1,100 crore in taxes this yr. If SMC manages to go Rs1,000-crore determine, it's going to be a document,” an officer of SMC’s finance department stated.
He stated SMC finances for 2019-20 may be around Rs5,500 crore. SMC gets Rs60 crore on per thirty days foundation to make amends for octroi loss.
“When we raised person fees to earn additional revenue of Rs500 crore, the plan was once to have income of Rs2,000 crore and more. However, we're nonetheless short of clear income of Rs2,000 crore,” the officer stated.
Civic body’s tax collection likely to cross Rs 1,150 crore for first time
![Civic body’s tax collection likely to cross Rs 1,150 crore for first time]()
Reviewed by Kailash
on
January 02, 2019
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