GHMC Sealed Taj Banjara hotel over Rs 1.4 crore unpaid property tax
As per available information, civic authorities sealed Taj Banjara hotel in the upscale Banjara Hills
GHMC – GHMC Sealed Taj Banjara hotel – Taj Banjara hotel – TAXSCAN
GHMC – GHMC Sealed Taj Banjara hotel – Taj Banjara hotel – TAXSCAN
The Greater Hyderabad Municipal Corporation (GHMC) sealed the Taj Banjara hotel in the upscale Banjara Hills due to alleged non-payment of property tax amounting to Rs 1.40 crore. The action towards the popular hotel Banjara is for collecting the accumulated tax dues.
The GHMC issued several notices. The decision to seize the hotel was allegedly made because the management had not paid the taxes. According to GHMC officials, the Taj Banjara management has not paid property taxes for two years and has not complied with multiple notices.
Know Practical Aspects of Tax Planning, Click Here
The Taj Banjara management partially paid the dues and pledged to pay the full amount shortly, suggesting that the crackdown was successful. The management promised that the remaining sum would be paid by March 10 and paid Rs 55 lakh on Friday.
Due to disagreements between the owners and leaseholders, this Banjara hotel has been closed for a number of months. The city's famous Banjara hotel, formerly known as the Taj Banjara, was sealed off by the Greater Hyderabad Municipal Corporation (GHMC) on Friday due to a Rs 1.43 crore property tax that had been overdue for the previous two years.
Know Practical Aspects of Tax Planning, Click Here
As per the report in Indian Express, the civic official stated that the hotel owner paid Rs 55 lakh on Friday morning and pledged to pay the remaining amount by March 10; however, the hotel management has not yet released a statement. According to information, when the fiscal year came to a close, the GHMC's Circle 18 Jubilee Hills tax team sent demand notices to all property tax defaulters last month. Many of them made payments, but warrants were issued to those who still owed money after arrears that had been unpaid for more than three years.
Support our journalism by subscribing to Taxscan premium. Follow us on Telegram for quick updates
