Tuesday 23 September 2008
NMMC marches ahead with cess collection
Vashi : The Cess department has proved to be the most productive organ of Navi Mumbai Municipal Corporation. During the first five months of the financial year, it has recorded a net collection of Rs 100 crores raising the hope of not only hitting but even crossing the annual target.
During the last three financial years, the department has systematically surpassed the target. In 2005-06, it collected a sum of Rs 126.52 crores against the target of Rs 177.00 crores. In 2006-07, it achieved Rs. 162.00 crores against the target of Rs 152.00 crores and suring the subsequent year, it posted a collection of Rs 209.60 crores against the target of Rs 195.00 crores. That is what prompted the administration to set target of Rs. 288 crores for the current year. Considering that the business activity is growing at a phenomenal rate in the city, it should be considered a reasonable target though in percentage terms, it works out to about 38%.
The month wise collection figures during the current financial year are encouraging. April 2008.. Rs 22.47 cr May… Rs 17.27 cr June… Rs 20.40 cr july… Rs 20.60 cr August… Rs 25.40cr
That gives a total of Rs 106.14 crores for the five months. “This has been achieved in spite of large scale agitation and protests mounted by the small scale entrepreneurs of TTC MIDC,” says an official of the Cess department. Even large industrial are used to postponing the payment of Cess. All these factors have made the department to feel confident of achieving the stiff target set for the year.
NMMC marches ahead with cess collection
Vashi : The Cess department has proved to be the most productive organ of Navi Mumbai Municipal Corporation. During the first five months of the financial year, it has recorded a net collection of Rs 100 crores raising the hope of not only hitting but even crossing the annual target.
During the last three financial years, the department has systematically surpassed the target. In 2005-06, it collected a sum of Rs 126.52 crores against the target of Rs 177.00 crores. In 2006-07, it achieved Rs. 162.00 crores against the target of Rs 152.00 crores and suring the subsequent year, it posted a collection of Rs 209.60 crores against the target of Rs 195.00 crores. That is what prompted the administration to set target of Rs. 288 crores for the current year. Considering that the business activity is growing at a phenomenal rate in the city, it should be considered a reasonable target though in percentage terms, it works out to about 38%.
The month wise collection figures during the current financial year are encouraging. April 2008.. Rs 22.47 cr May… Rs 17.27 cr June… Rs 20.40 cr july… Rs 20.60 cr August… Rs 25.40cr
That gives a total of Rs 106.14 crores for the five months. “This has been achieved in spite of large scale agitation and protests mounted by the small scale entrepreneurs of TTC MIDC,” says an official of the Cess department. Even large industrial are used to postponing the payment of Cess. All these factors have made the department to feel confident of achieving the stiff target set for the year.
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