SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Meerut Municipal Corporation seals 56 shops and targets INR 100 crore house tax recovery

#Taxation & Finance News#India#Uttar Pradesh#Meerut
Last Updated : 4th Mar, 2025
Synopsis

The Meerut Municipal Corporation (MMC) is aggressively pursuing unpaid house taxes, sealing 56 shops across the city to meet its financial targets. Aiming for INR 100 crore by year's end, they've already collected INR 60 crore. Action has been taken in areas like Kotla Bazaar and Shastri Nagar. A major challenge is the INR 19 crore owed by a government university, leading to legal action. The MMC's push for tax recovery is vital for funding city services and infrastructure, demonstrating their commitment to enforcing tax laws and ensuring financial stability.

The Meerut Municipal Corporation (MMC) has taken strong action to recover unpaid house taxes, sealing 56 shops across the city. This move highlights the corporation's push to meet its financial targets. The MMC's tax assessment office reports that significant amounts are owed in various areas.


The areas most affected include Kotla Bazaar, Swamipada, Shastri Nagar Zone, and Kanker Khera. In Kotla Bazaar and Swamipada, 20 shops were sealed due to INR 9.20 crore in unpaid taxes. In Shastri Nagar Zone, 19 shops were sealed, and in Kanker Khera, 17 shops faced similar action. The MMC has also been able to recover some of the outstanding amounts during these operations.

Municipal Commissioner Saurabh Gangwar has set a daily tax recovery target of INR 1 crore. The aim is to collect INR 100 crore by the end of the financial year. The MMC has already collected INR 60 crore, indicating a strong effort to meet this goal. However, they face challenges with large defaulters, including a government-run university.

Tax recovery is a major focus for the MMC. They are actively pursuing those who have not paid their house taxes. The sealing of shops is a clear sign of their determination to enforce tax laws. The MMC also is working to close the gap on larger debts held by organizations such as the previously mentioned university.

The university owes INR 19 crore in unpaid house tax. The MMC sealed the university's bank accounts, but found only a small fraction of the expected funds. This issue is now in court, and the MMC is communicating with university officials. The Municipal Commissioner has stated that if the university does not comply with court orders, they will file a contempt case.

Municipal finance is a critical issue for city development. The MMC's efforts to collect taxes are essential for funding city services and infrastructure. The pursuit of large defaulters, like the university, shows the MMC's commitment to ensuring everyone pays their fair share. The MMC has stated that they will continue to pursue all available avenues to collect unpaid taxes. The corporation's ability to collect owed taxes will directly impact the city's ability to fund projects.

Have something to say? Post your comment