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Southern States - Andhra Pradesh-Hyderabad Printer Friendly Page   Send this Article to a Friend

Trade licence fee collection drive intensified

By Our Staff Reporter

HYDERABAD Sept. 15. After a record collection of nearly Rs.11 crores in property tax till August end, the Municipal Corporation of Hyderabad (MCH) is poised to get large returns out of the trade license fee too.

Already, the civic body has collected about Rs.6.04 crores, which was a clean Rs.90 lakhs more than the amount garnered last year during the same period.

While the MCH has collected about Rs.6 crores by the end of the last financial year as trade license fee, officials are confident of exceeding the figure by at least Rs. 2 crores more by March-end next year.

``We have not only intensified our collection drive but we have also managed to get 5,000 more trade licenses which include new business establishments,'' said a senior MCH official.

In the last one-and-a-half month alone, about Rs.2.5 crores was realised out of the license fee.

The MCH was expecting trade license fee from about 60,000 shops and establishments. Officials estimate that there could be 5,000 more shops, which were still out of the license fee net. The highest collection is from the circles of three, five and seven comprising the areas of Abids, Koti, Khairatabad, Banjara Hills, and so on where there is maximum commercial activity.

In the eSeva centres, the largest number of transactions for trade licenses were done at the Sultan Bazar with 4,452 transactions followed by the Darulshifa centre that had 4,064 transactions.

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