MCDs agree to provide relief on Commercial Tax after Delhi BJP President’s intervention

• Traders’ delegations meet Shri Goel to thank for the relief in commercial tax
• Lakhs of shops, establishments to get benefit of tax relief

New Delhi, July 16. In a move to provide relief to lakhs of shops and establishment owners in the Capital, the three municipal corporations of Delhi have decided to provide relief from hike in commercial tax by bringing it down to 12% for those on whom the rate was hiked to 20%

The decision was taken after a series of meetings over the last couple of days to thrash out this issue. This would release in a relief of around Rs 300 crore to the common residents of Delhi.

The decision was taken after Delhi BJP President Shri Vijay Goel asked the BJP leadership in the MCDs to roll back the commercial tax. This would benefit atleast four to five lakh commercial property owners.

“Those who have already deposited the increased tax would be given relief by either refund of the increased amount or by adjusting it against their future tax liabilities,” said Shri Goel.

During the course of meetings with MCD leaders, Shri Goel emphasised that the loss of revenue due to roll back of commercial tax needs to be compensated by the alternative sources of revenue.

The MCD leaders assured Shri Goel that all three corporations would augment their revenue through innovative schemes for revenue augmentation.

Sh. Goel emphasised that the focus of the BJP ruled MCDs is on people friendly policies and the recent decision of roll back of commercial taxes is a part of the same.

A number of traders organisations met Sh. Goel today and thanked him for taking the initiative to provide relief in the commercial tax.

Those who met him included delegations from Delhi Mercantile Association, Kirana Merchant Association, Chemical Merchant Association,Wedding Card Manufcaturing Association, Khari Bavli Sarvavyapar Mandal, Delhi Saree Mercantile Association, Cloth Market Association, Marwari Charitable Trust.