New Tax Implementation Will Impact On Initial Revenue

The Bills have been already passed in the state assembly for the introduction of unit area assessment (UAA) system to resolve property tax issue. The KMC authority is all the set to draw up a plan for new property tax rule to put into operation. Now the KMC officials have been working hard on the regulation part to get the concluding approval from the government. But some officials fear that the new tax system won’t be an appropriate to be implemented in an unplanned city which could lead sinking revenue drawn in the early days.
Under UAA the city has been divided into six different categories on the basis of utilities available by the civic body. Thus neighborhood will be rated on the ground of accessible facilities such as- drinking water, drainage system and easy access to Metro. Residents are likely to fill up some property valuation related self-declared documents and submit them to the local KMC counter as well. This document will contain a calculated form of annual valuation of respective properties. If the property undergoes any remodeling or alteration that has to be there in the documents to avoid penalty charges.

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The Civic Assessment Dept. will have to come up with the UAA regulation within next three months. Then it will be sent to the municipal affairs dept. for processing before it gets published. The after-effect of the implementation has already been a subject to uneasiness to the officials, as they believe this won’t be an easy task to implement a new rule replacing the old one in an unplanned city like Kolkata. An official said, “We are at a crossroad, with the old system giving way to a new one. We fear we will lose revenue for the first three-four months. This may prove negative.’’

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The civic body has to sum up an impossible task with in this short period of time. The task is of helping out 6.5 lakh citizens to realize and asses their property valuation by their own. The entire system will entirely an online process. The residents should be properly trained in the new system. Currently the IT dept is burning night oil and KMC might farm out the job. To inquire about the progress of flats in rajarhat contact us. The property will complete within the H1 2017. Luxury, lakeside apartments.

By LNN (Liyans News Network)

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