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Demonetisation sets Corporation cash registers ringing

  • Thread starter Thread starter V.Balasubramani
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V.Balasubramani

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[h=1]Will the Corporation thank the public for the record tax collection…[/h][h=1]or will it thank openly the ruling BJP for the decision on Demonetisation…..?[/h][h=1]Demonetisation sets Corporation cash registers ringing[/h]
CHENNAI: The Greater Chennai Corporation is all set to resume and speed up important civic projects which were put on hold due to cash crunch. Thanks to the record tax collection the civic body witnessed a post-demonetisation drive through specials camps.

Through nearly 300 tax counters set across the city, the GCC has managed to collect Rs 80 crore as tax since November 11. This is 200 per cent more than Corporation’s monthly tax collection.

Though the local body refrained from collecting various taxes in cash from 2002, the recent Central announcement declaring Rs 500 and Rs 1,000 currency notes as invalid forced the authorities here to organise special camps and accept cash at these tax counters.

Accordingly demonetised currency notes were accepted for tax payments in all zonal and ward offices, Ripon Building (HQ), Tamil Nadu Arasu Cable TV counters and designated branches of 11 different banks including IOB, HDFC and KVB.

Read More at: http://www.newindianexpress.com/sta...ration-cash-registers-ringing-1542395--1.html
 
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