Manyata pays 5426 crore rupees but other big tax defaulters are still holding out
news Tuesday, June 28, 2016 - 12:37

While Manyata Promoters Limited on Monday paid Rs 54.23 crore out of 273 crore of the total property tax due to the BBMP from 2008-09 to present, there has been no such rectification by the 10 other tax defaulters identified by the BBMP on Sunday.

The total amount evaded by the defaulters was pegged at Rs 231 crore by the BBMP in a special survey conducted between February and April in six zones in Bengaluru.

The revenue department identified Leela Palace and Bagmane Tech Park in the East zone; the Accenture building and Golden Hills Square in the Bommmanahalli zone; Nitte Meenakshi College and Federal Mogul in Yelahanka; GE India in Whitefield and Chaitanya Properties in Mahadevapura; and Orion Mall Salarpuria in south Bengaluru as the defaulting parties.

The BBMP ascertained that there were major gaps between the taxes these enterprises had been paying under the Self-Assessment Scheme by declaring their property built-up lower than it actually was.

After the high court dismissed Manyata’s petition challenging the BBMP’s notice to pay outstanding taxes worth Rs 83.45 crore (the principle amount), Manyata has also said that that it will pay taxes by the increased rate of Rs 10 per square foot from 2016-17. They had been paying taxes by the rate of Rs 8 per square foot which is the rate for non-residential buildings with no central air-conditioning.

However, the BBMP had found all concrete structures inside Manyata Tech Park equipped with central air-conditioning.

The BBMP claimed that it had been asking for the differential amount to be paid since 2014. However, upon non-compliance, the BBMP officials took to removing the moveable items like furniture from the premises of the tech park on June 20 this year.

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