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Covid-19 hits Pimpri-Chinchwad tax collection by Rs 300 crore

According to the information available from PCMC, on all fronts, be it property tax, LBT, GST, water tax or building permission, the revenue collection has taken a big hit.

Written by Manoj Dattatrye More | Pune |
Updated: April 3, 2021 6:34:19 pm
Pimpri-Chinchwad Municipal Corporation (Express photo)

The Covid pandemic has dealt a severe blow to the Pimpri-Chinchwad Municipal Corporation (PCMC0, as its revenue collection has dipped by over Rs 300 crore for the year 2021, civic officials said.

As per information available from PCMC, on all fronts, be it property tax, LBT, GST, water tax or building permission, the revenue collection has taken a big hit.

Officials said in 2019-2020, the total revenue collected was Rs 3,153 crore. However, as Covid raged on in 2020-21, with industries, malls, multiplexes, theatres, shops remaining shut for months, the revenue collection dipped to Rs 2,846 crore, Rs 307 crore less than the previous year.

In 2019-20, PCMC had achieved a revenue collection of Rs 1,709 crore through LBT. In 2021, it dipped by Rs 13 crore, as it collected Rs 1696 crore.

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Similarly, on property tax and water tax too, PCMC has been hit. The target for 2020-21 was Rs 870 crore. The PCMC property tax department managed to collect only Rs 577 crore.

Deputy Municipal Commissioner Smita Zagade, however, said, “This year’s property tax collection was better than previous three years. Every year, we used to have around Rs 500 crore. However, for 2020-21, the target was almost doubed to Rs 870 crore. The target was decided before Covid had set in and lockdown was imposed.” Zagade said on March 31, they had the highest collection of Rs 17 crore on a single day.

Water tax collection for 2019-2020 was Rs 45.44 crore. “In 2020-21, it was Rs 44.15 crore,” officials said.

Deposits kept at banks have also earned less interest for PCMC. “In 2019-20, PCMC secured interest Rs 291 crore. In 2020-21, it earned Rs 140 crore from interest,” said PCMC chief accounts and finance officer Jeetendra Kolambe. “We have around Rs 2,000 crore worth deposits in various nationalised banks,” he said.

Since construction activities were shut for a few months during 2020-21 fiscal due to Covid, the building permission fee for PCMC has also dipped. In 2019-20, it had taken in Rs 586 crore as revenue. In 2020-21, it managed to get only Rs 322 crore.

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