SHILLONG, NOV 21: The Shillong Municipal Board (SMB), which is witnessing strike by its employees, is trying to improve its financial position as the board is undertaking exercise to streamline its property tax collection. The SMB Chief Executive Officer (CEO) T Lyngwa informed the board is still in the process of revamping the tax structure and it will be completed by next year.
The SMB gets its revenue from parking lots, markets, shops and other fees. Lyngwa defended the move of the board to streamline the tax structure which he felt is being done according to the needs and situation of the present time. The proposed tax structure can either be reduced or increased to suit the needs of the board, Lyngwa informed. However before the proposed tax structure is put into operation, it will have to get the cabinet approval.
According to rules, the board is supposed to revise it tax structure every five years. The last revision was done in the year 2007. – By Our Reporter
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