GVMC approves new tax regime amid protests by Opposition parties
The Hindu
Rules revised following instructions from the Centre, say YSRCP corporators
Amid huge protests, the Greater Visakhapatnam Municipal Corporation (GVMC) Council passed the proposal to revise the existing property tax (G.O 198) at a special meeting here on Saturday. Walkouts, interruptions and agitations at the podium marked the meet which was organised to discuss the new property tax regime. According to the new tax structure, the corporation will levy a property tax of 0.15% on the market value of the residential buildings, 0.3 % on non-residential/commercial buildings and 0.5 % on the vacant lands.More Related News