The Indore Municipal Corporation (IMC) is short of its revenue collection target by about Rs 65 crore. The corporation collected Rs two crore from defaulters on Tuesday making the total collection to Rs 185 crore.
Mayor Krishna Murari Moghe who has been pushing civic official to meet the revenue target said with four days to go for the end of the current financial year we are expecting to meet our revenue target as most people pay at the last moment.
The year IMC had collected nearly Rs 150 crore.
Beside last moment rush of tax payers, civic body is also banking on receiving a significant amount from its big defaulters like Indore Development Authorutiy (IDA), Crystal IT Park and Basketball Club which in total owns around Rs 57 crore of property tax.
The civic body's record suggest that the IDA has to pay nearly Rs 50 crore of propeorty tax while Crystal IT Park has pending dues of Rs 4.2 crore and Basketball Clubs has a pending dues to the tune of Rs 2.8 crore. IMC official said that they are in talk with these agencies and Basketball Club has agreed to settle their dues while talks are on with AKVN for Crystal IT Park and IDA. If these agencies even make partial payment of their dues then IMC will be position to achieve its revenue target.
Meanwhile, IMC official said that ambiguity over the Shelter Fund has also affected their collection. Colony Cell of IMC ear significant amount of money from real estate developers by approving new colonies, but due to lack clarity over Shelter Fund only a handful of colonies had came for approval. Last year Colony Cell has earned around Rs 17 crore while this years collection has come down to Rs 7 crore.
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