East Delhi Municipal Corporation [EDMC] has taken a lead in notifying and implementing new trade licence policy.
The commissioner took an interim approval of the committee concerned and mayor to announce its implementation on Wednesday. Several trades such as multiplexes, company branded stores, coaching centers, tourist camps, arteficial jewellery stores, movie CDs, audio CDs, property dealing and solar power products have been included in the new trade policy.
The corporation has also planned to organise trade licence camp within a day or two to distribute the trade licences.
‘We have targeted many trades to increase the revenue without increasing tax rate or imposing any new tax, but by expanding our tax net and bringing more payers under it ambit,’ said Sajjan Singh Yadav, Commissioner of East Delhi Municipal Corporation [EDMC].
At present, EDMC has around 600 units registered under trade licence department, which is expected to cross 10 lakh under the new policy. The requirement of ownership proof, layout plan, regularisation plan, tenancy proof and constitution of registered companies has been abolished and a simple application form has been designed.
‘It’s very easy and can be fulfilled by ordinary traders to get the licence with required documents and an affidavit on Rs 10 stamp paper,’ added Yadav. The corporation expects to collect over Rs 100 crore of revenue though this renewed policy.
‘We will organise camps and issue on-spot trade licences, after physical verification of the premises. Such camps will be organised on rotatory basis in each ward with the help of trade and market associations,’ said Mahek Singh, Chairman of Standing Committee of EDMC.
‘The very first such camp will be organised in east Delhi this week, where licences will be issued and officers will guide traders to fill the application forms and complete other formalities,’ added Singh.
The new policy has been impleted after a complete review of trade licence policy mentioned in Delhi Municipal Corporation [DMC] Act- 1957.
NEW TRADE LICENCE POLICY
The commissioner took an interim approval of the committee concerned and mayor to announce its implementation on Wednesday. Several trades such as multiplexes, company branded stores, coaching centers, tourist camps, arteficial jewellery stores, movie CDs, audio CDs, property dealing and solar power products have been included in the new trade policy.
The corporation has also planned to organise trade licence camp within a day or two to distribute the trade licences.
‘We have targeted many trades to increase the revenue without increasing tax rate or imposing any new tax, but by expanding our tax net and bringing more payers under it ambit,’ said Sajjan Singh Yadav, Commissioner of East Delhi Municipal Corporation [EDMC].
At present, EDMC has around 600 units registered under trade licence department, which is expected to cross 10 lakh under the new policy. The requirement of ownership proof, layout plan, regularisation plan, tenancy proof and constitution of registered companies has been abolished and a simple application form has been designed.
‘It’s very easy and can be fulfilled by ordinary traders to get the licence with required documents and an affidavit on Rs 10 stamp paper,’ added Yadav. The corporation expects to collect over Rs 100 crore of revenue though this renewed policy.
‘We will organise camps and issue on-spot trade licences, after physical verification of the premises. Such camps will be organised on rotatory basis in each ward with the help of trade and market associations,’ said Mahek Singh, Chairman of Standing Committee of EDMC.
‘The very first such camp will be organised in east Delhi this week, where licences will be issued and officers will guide traders to fill the application forms and complete other formalities,’ added Singh.
The new policy has been impleted after a complete review of trade licence policy mentioned in Delhi Municipal Corporation [DMC] Act- 1957.
NEW TRADE LICENCE POLICY
- Several new trades such as multiplexes, cinema halls, company-branded stores and shops in malls and market complexes, cable network companies, finance companies, conference centers, business centers, coaching centers, tourist camps, wedding planners, photo framing, book binding, CDs of movies, audio CDs, artificial jewellery, solar power, BPO and call centers, and alternative energy products, advertising agencies and heavy earth moving machines have been included
- Multiplexes will have to give Rs 8,000 per annum while cinema halls will give Rs 5,000 per screen per annum
- ATM machines and banks exempted
- Landline telephone bill, water bill, electricity bill, lease deed, rent deed, rent agreement, rent receipt, copy of any other document to establish that the applicant is legal occupant of the premise to run the trade is acceptable
- No requirement of copies of sanctioned building plan, site plan, key plan. Only a rough sketch of site plan on paper admissible
- Structural safety certicate is only for buildings older than 20 years
- Only one affidavit required in place of five
- Fire safety certificate not required for all but for some selected trades
- No increase in trade licence tax
- Payment of tax trough demand draft, online, debit card, credit card, pay pal card, mobile payment, or any other method approved by Reserve Bank of India
- Traders can get licence for up to three years. Earlier, it was annual
- One time settlement for defaulters by paying the entire due or by paying three-fold of annual trade licence fee