BMC loses crores in revenue due to holding tax dispute with central institutions: Officials

Bhubaneswar Municipal Corporation is losing crores in revenue due to a holding tax dispute with over 55 central institutions, officials said. Despite a Supreme Court ruling allowing a 7% service charge, many entities are refusing to pay, impacting the civic body's finances. The ongoing dispute is with research, educational and financial institutions.

source https://timesofindia.indiatimes.com/city/bhubaneswar/bmc-loses-crores-in-revenue-due-to-holding-tax-dispute-with-central-institutions-officials/articleshow/128520773.cms

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