Karnataka - Bangalore   

CVS introduction as per law, says Subramanya

BANGALORE: Responding to former mayors’ statement that the introduction of capital value-based system (CVS) of property tax is “undemocratic”, Bruhat Bangalore Mahanagara Palike (BBMP) Commissioner S. Subramanya has said that the new system is being introduced only after the Karnataka Municipal corporations (KMC) Act was amended in 2003.

While the new system was introduced in the erstwhile city municipal councils (CMCs) and town municipal council (TMC), the old BMP continued with the existing self-assessment system (SAS) of taxation based on the annual rental value (ARV). This was because ARV that was introduced in April, 2000 had to be effective for five years as per the resolution. The civic body did not want to disregard the self-assessment done under SAS up to 2005, he said in a press release.

Though it was decided to introduce the system after the BBMP was formed by subsuming the CMCs and TMC in January 2007, it could not be done immediately as huge administrative arrangements had to be made for bringing a uniform taxation system in all areas. So, it was being introduced from April, 2008, the release said.

The new system of taxation (CVS) was mandatory under the KMC Act and the ARV system was no longer valid. The introduction was not “undemocratic” as the Act had been amended after mature deliberations in the legislature. In the absence of a council, all administrative powers of the council vest with the Administrator, the release said.

All new properties as well as those buildings with additions and alterations and freshly assessed ones had to necessarily be brought under the CVS. This system was more scientific, transparent and easier to comprehend as compared to the earlier ARV system. To familiarise people with the new system, the civic body would soon bring out a handbook on CVS, it added.

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