The Times of India 11.08.2012
Hike in taxes for hoarding
NASHIK: The standing committee of Nashik Municipal Corporation (NMC) on Friday directed the NMC commissioner
to invite a joint tender of advertising hoardings within 15 days with a
plan to to hike advertising taxes on private hoardings. The issue was raised by the standing committee member Vikrant Mate of the NCP.
Incidentally, the NMC has its 54 hoardings of its own at 21 places.
Mate said, “NMC levies taxes of Rs. 37.15 per sq ft per month on its own
hoardings. Taxes levied on private hoardings are much less at Rs 1.6
per sq ft per month. Private players charge Rs 35 per sq ft per month on
their hoardings. Hence, existing taxes must be hiked to Rs 3.5 per sq
ft per month. ”
to invite a joint tender of advertising hoardings within 15 days with a
plan to to hike advertising taxes on private hoardings. The issue was raised by the standing committee member Vikrant Mate of the NCP.
Incidentally, the NMC has its 54 hoardings of its own at 21 places.
Mate said, “NMC levies taxes of Rs. 37.15 per sq ft per month on its own
hoardings. Taxes levied on private hoardings are much less at Rs 1.6
per sq ft per month. Private players charge Rs 35 per sq ft per month on
their hoardings. Hence, existing taxes must be hiked to Rs 3.5 per sq
ft per month. ”
