Visakhapatnam civic body collects record Rs 421 crore in property tax

Dated on: Sunday 2nd April 2023

The GVMC collected 421.5 crore in property taxes, including proceeds from the unoccupied land tax, for the just ended 2022–2023 fiscal year. The Vizag civic authority has never received tax income this high. By doing this, the GVMC exceeded its own goal of 375 crore in tax revenue for the 2023 fiscal year. The interest waiver offered by the state government for long-term defaulters or for the accumulated debt, as a one-time action, the GVMC officials claim, worked in the municipal body's favour. After the disturbance brought on by the Covid-19 outbreak, the state administration granted the request of several politicians and authorities of the populace.

More News