UP to amend property tax rules with an eye on tourism

by IANS |

Lucknow, Sep 19 (IANS) The Uttar Pradesh government is set to amend the property tax rules and implement it from the next financial year. This is being done after almost a decade with the aim of boosting tourism.

The urban development department had decided to amend the rules for calculation of tax for certain properties by introducing the draft rules in the first week of July.

The department has received nine suggestions and objections to the draft.

The amended proposal will be put up before the cabinet for approval and will be notified thereafter.

Property tax rules were last amended in 2013-14. While the rates of residential and non-residential buildings will remain unchanged, the department has offered relaxation to operators of starred hotel properties to boost tourism and employment in the state.

Similarly, provisions were required to distinguish between bed and breakfast accommodation and homestays from other budget hotels and guesthouses which will be liable to pay the tax as per norms.

According to the official spokesman, out of the nine objections, eight were filed by various stakeholders from Agra, the city which attracts about 60 per cent of the total foreign tourists visiting Uttar Pradesh.

Agra has over 2,000 hotels and the need for amendment was felt as the tourism department has accorded industry status to starred properties and has assured such operators that the house tax, water sewerage tax and other municipal charges shall be levied according to the rates prescribed for industrial units.

Once the new rule is notified, starred properties, which are liable to pay up to six times of the base rate, would be levied only thrice the base rate.

However, budget hotels, guest houses and other accommodations will continue to pay six times the base rate as property tax.

In a letter to the government, president of the Agra based National Chamber of Industries and Commerce, Rajesh Goyal, had appealed that the property tax structure should be the same for both starred and budget properties.

“Bigger players will get a rebate while the smaller ones will have to bear the burden. The state government should keep similar charges for all,” said one of the stakeholders from Agra.

Principal Secretary, Urban Development, Amrit Abhijat said that the response to the queries raised by the stakeholders would be issued along with proper justification.

Latest News
Cruzeiro beat Goias to inch toward safety Tue, Nov 28, 2023, 03:00 PM
UP to have country's first Telecom Centre of Excellence Tue, Nov 28, 2023, 02:45 PM
TMC to mark Amit Shah's arrival in Kolkata as 'Black Day' Tue, Nov 28, 2023, 02:39 PM
Top industrialists offered to build Ram temple: VHP Tue, Nov 28, 2023, 02:35 PM
Odisha: Cop in vigilance net Tue, Nov 28, 2023, 02:28 PM
UP to have countryís first Telecom Centre of Excellence Tue, Nov 28, 2023, 01:38 PM
Credit metrics of India Inc. to improve in Oct-Dec quarter: ICRA Tue, Nov 28, 2023, 01:14 PM
I would definitely love to try the sport, says David Warner on PKL Tue, Nov 28, 2023, 01:11 PM
Heat styling products for hair may emit toxic gases: Study Tue, Nov 28, 2023, 01:04 PM
Microsoft to end support for its '365 browser extension' next year Tue, Nov 28, 2023, 01:01 PM
Google Drive users report missing files, firm investigating Tue, Nov 28, 2023, 12:59 PM
S&P raises forecast for India's GDP growth Tue, Nov 28, 2023, 12:55 PM
Markets await exit polls on Thursday Tue, Nov 28, 2023, 12:51 PM
N.Korea reports 1st opposing votes in local elections in decades Tue, Nov 28, 2023, 12:50 PM
UP temple 'purified' after Muslim MLA's visit Tue, Nov 28, 2023, 12:43 PM