GHMC top in 22 cities in tax collection

The demonetisation of high-value currency notes has brought in revenue windfall for the GHMC (Greater Hyderabad Municipal Corporation). 
●    The city’s civic body has topped in tax collection among 22 other cities in the country in the month of November. 
●    While the tax collection of GHMC was Rs 8 crores in November 2015, it rose to Rs 188 crore this year in the first 19 days of the month.
●    The payments picked up pace after the government announced on November 10 that taxes and utilities bills can be paid with the banned notes. 
●    On November 11, the GHMC received 3,2549 transactions worth Rs.54.52 crore. 
●    Some of the corporations which were analysed include Agra, Ahmedabad, Kakinada, Vijayawads, Indore, Vishakapatnam, Guahati, Ranchi, Faridabad, Coimbatore, Jaipur, Chennai and Lucknow. 
●    While the combined property tax collection in November 2015 of these corporations was Rs.274 crore, an amount of Rs.855 crore during this year has already been collected.