Delhi's Municipal Corporation Integrates Trade Fees with Property Tax
Delhi civic body to integrate general trade fee with property tax
Hindustan Times
Image: Hindustan Times
The Municipal Corporation of Delhi (MCD) has announced the integration of the general trade fee with the property tax system, eliminating the need for a separate General Trade License application. Property owners can now pay this fee, set at 15% of their property tax, through the Property Tax Portal, streamlining the process.
- 01MCD integrates general trade fee with property tax collection.
- 02Property owners can pay the trade fee along with property tax.
- 03The general trade fee is set at 15% of the property tax.
- 04The payment receipt serves as a temporary trade license.
- 05Compliance with laws and safety regulations remains the operator's responsibility.
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The Municipal Corporation of Delhi (MCD) has announced a significant change in its fee collection process by integrating the general trade fee, also known as the storage license fee, with the property tax system. This new approach eliminates the need for a separate application for a General Trade License (GTL). Property owners and occupiers will now pay the trade fee, fixed at 15% of the property tax, through the Property Tax Portal, simplifying the payment process. The receipt generated after this payment will act as a deemed general trade/storage license, valid for one financial year. Despite this simplification, the MCD emphasizes that trade operators must comply with all relevant laws, including those related to pollution control and fire safety. They will also remain responsible for the safety of life and property, and any necessary approvals from authorities must still be obtained by the trade operators themselves.
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This integration simplifies the payment process for property owners, making it more efficient to manage their financial obligations. It also ensures that compliance with safety regulations remains a priority for trade operators.
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