BBMP Recovers Rs 264 Crore from Tax Defaulters including Total Mall, Central Mall

BBMP Recovers Rs 264 Crore from Tax Defaulters including Total Mall, Central Mall

Submitted by Newseditor on Mon, 2016-01-04 16:13 Bengaluru: The Tax and Finance Standing Committee of BBMP after widening its tax net has collected pending taxes of about Rs 264 crore in 100 days which is more than the previous year. Addressing media persons, M Shivaraju, Chairman, Tax and Finance Standing Committee, BBMP said, “We have done a remarkable job in the collection of pending tax amount in 100 days of charge.We have taken several steps to bring discipline in tax collection. But while scrutinising the documents, we have come across some shady transactions wherein a tax amount Rs 170 Crore paid in the branches of several zones were not transferred to the BBMP main branch account since 2012”. “There is no match in the transaction recorded and the amount actually transferred to the main branch. The previous BJP government is answerable for this. Also interest on the amount thus not transferred has not been deposited. We suspect bigtime irregularities in this. I have written a letter to the Commissioner to start an investigation against it”, he added. “Excessive number of BBMP savings accounts earlier are also responsible for these irregularities. Hence we have cut down the number of our accounts in Canara Bank to 26. We had published the names of 10 tax defaulters earlier. Of them, 4 establishments-Total Mall, Central Mall, South Space and Hometown owe us a tax of about Rs 4.88 Crore. But still, the largest defaulters so far have Money Catha Promoters (Rs 83 crore). A notice has been issued”, Shivaraju disclosed. Shivaraju also said that strict disciplinary action would be initiated against the violators. If taxes are not paid on time, then a banner reading “Defaulter” would be put up on the establishment building, he added.