Monthly bid of Rs.11.27 lakhs, including GST Rs. 13.29 lakhs to be paid; In 11 months an estimated Rs. 1.46 crore revenue estimate
Pay parking was auctioned by the Gram Panchayat in the legendary pilgrimage center Ambaji, this auction has become a topic of discussion in the entire Ambaji as this time the historic bid was recorded. Santurbhai Vanzara of Ambaji paid Rs. 11.27 lakhs bid high and auctioned in his own name. Adding 18 percent GST on top of this bid, per month approximately Rs. 13.29 lakhs will be paid to the Gram Panchayat.
Thus, over a period of 11 months, inclusive of GST, approximately Rs. 1.46 crores is estimated to be deposited in the Gram Panchayat treasury. Due to the possibility of getting such a large income to the Gram Panchayat just before the Diwali festivities, on the one hand, there is a big increase in the income of the Panchayat, on the other hand, many questions have been raised about the financial capacity of the auctioneer who bid so high and the prospects of the parking business. But how practical would it be for an auctioneer to pay such a huge amount regularly every month? How close is the math between the revenue from parking and the amount to be paid to the Panchayat? Will the auctioneer pay the money on time or will there be a dispute due to financial difficulties in the future? All these things have now become a topic of discussion.
On the other hand, a monthly GST inclusive of Rs. 13.29 lakhs when there is an obligation to pay a substantial amount, some important questions arise from the point of view of income tax also. What is the financial capacity of the auctioneer to take on such a huge financial responsibility? What is the source of funds to pay such huge amount? Business turnover, income tax returns, books of accounts and GST related details are as per rules or not? It is necessary to maintain transparency in these matters. It is to be noted here that just bidding a large amount does not prove income tax malpractice, but in view of such a large financial transaction, it is necessary in the public interest to verify the relevant documents and financial capacity as per rules.
Now the biggest question is whether the terms of the auction will be strictly followed by the Gram Panchayat or not? How much security deposit or bank guarantee is taken to ensure that the auctioneer pays the monthly amount on time? What action will be taken by the Panchayat if regular payment is not made? The historic auction of Ambaji Gram Panchayat is expected to increase the revenue, but now the officials will focus on the auction conditions, regular payment and transparency of the entire financial transaction. Villagers and traders are also showing curiosity about the results of this auction.