Relief to MSME, Small Enterprises: No separate assessment for small offices in factories Pipa News

Relief to MSME, Small Enterprises: No separate assessment for small offices in factories

  • The policy decision of the Revenue Committee will reduce corruption in the tax department
  • 1,615 Sq. Factor-2 will be applicable in industries less than feet: Property tax will be reduced
  • Complaints were raised that the officers and employees were assessing as per their wish

1,615 sq. in the city by the property tax department of AMC. There will be no change in the tax assessment for factories or industries with small offices in factories having an area of ​​less than feet and will be assessed as per factor-2 and property tax will be levied accordingly. When Mun. by 1,615 Sq. A factory-cum-office having an area of ​​more than 100 feet will be assessed separately as an office and tax will be levied. Thus, due to the decision taken in this regard in the Revenue Committee, MSME, small entrepreneurs will get a lot of relief in property tax as well as muni. Alleged corruption in the tax department will also reduce. This policy will apply this circular only in large industrial units and there will be no change in small factories/industrial units/sheds.Mun. A booklet has been released to the citizens providing information related to the tax department. A booklet on change of name and address, further assessment of tax, tax refund for non-use property, disposal of application, guidance on business tax etc. has been released for the first time and this book will also be put online in near future.

Chairman of the Revenue Committee said that till now Mun. For offices located in the premises of factories, factories, small and medium industries, etc., assessment was done as per factor-2 and because of this higher tax was applicable even for small offices in factories. Due to the lack of clarity on the issue in this law, there were complaints of widespread corruption practices in the AMC tax department and officials and employees were making assessments as per their whims.

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