Relief to traders due to the decision of MCD in Delhi, now trade license fee will be deposited along with property tax.
MCD has taken a decision which will provide big benefits to more than one lakh traders of the capital Delhi. Now the fees for General Trade License (GTL) and Storage License can be deposited along with property tax. Under this decision of the Municipal Corporation, traders will get relief from the hassle of separate payments. In the new system, they will have to deposit an additional amount of 15 percent of the annual property tax of their property as general trade license and storage charges.
According to officials, the move is aimed at simplifying the tax system and unifying the payment process. This will not only increase transparency, but is also expected to improve revenue collection. The new system will be implemented through the official website of MCD, where traders will be able to deposit all the relevant fees on a single platform.
Now General Trade License (GTL) and storage license fees have been clubbed with property tax. The corporation administration has issued an order in this regard effective from April 30. Under the new system, traders will have to deposit an additional amount of 15 percent of the annual property tax on their property as general trade license and storage fees. This decision is expected to benefit more than one lakh traders of Delhi, because now they will not need to pay separate license fees. The entire process can be completed in an integrated manner through the MCD website. However, the corporation has clarified. It will still be mandatory to obtain pollution certificate and fire NOC (no objection certificate) from the concerned departments.
CTI Chairman Brijesh Goyal said that the corporation has now issued an order to deposit GTL charges along with property tax. In this new system, traders will not need to pay heavy fees separately. Earlier, if a businessman used to deposit property tax of Rs 8,000 annually for his shop, then he had to pay a separate general trade license fee of about Rs 6,000. Now under the new system, GTL fee has been linked to property tax. Traders will have to pay only 15% of the property tax as GTL fee, that is, if a businessman pays property tax of Rs 8,000, now he will have to pay only Rs 1,200 (15%) as GTL fee.
What will be the benefit?
Eliminates need for separate application:
Now traders will not have to apply separately for general trade license and storage fees on the corporation’s website.
Integrated Payment System:
General Trade License fee will be automatically added along with the annual property tax of your property.
Payment of low fees:
Traders will now have to deposit only 15 percent of property tax as general trade license fee, which is much less than before.
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