Hyderabad, January 19
GHMC has been successful in bringing another 20,000 merchants in the city under trade license limits. At present there are about 65,000 merchants with trade licenses. Recently 1.10 lakh people took trade license thanks to the income tax department. GHMC Tops in Tax Collection.
With the list of consumers, who took commercial power connection and information from commercial tax department, GHMC prepared a list of tax defaulters.
Of these people, 27,000 people are out of GHMC limits and a few others have closed down their business. The officials have sent SMS to the defaulters suggesting them to take trade license immediately. Notices were issued to illegal traders. GHMC earned Rs 37 crores through trade licenses till date through continuous monitoring and supervision.
GHMC has earned Rs 27.50 crore though trade license during last fiscal year. Its earnings during 2016-17 till January 17 were Rs 37 crores. GHMC targets to get a revenue of Rs 50 crore through trade licenses during the present fiscal year. Now GHMC tops in income tax collection.