A delegation of COSIA, Vidarbha led by Chairman CA Julfesh Shah recently met the Maharashtra Industries Minister Uday Samant and submitted a memorandum on various issues pertaining to industries.

The memorandum mentioned the issue regarding levy of tax and stamp duty on MIDC plots on Ready Reckoner Rate in transfer of plots on unit to unit basis.

 

These rates are fixed on earlier commercial transactions of property that has taken place in similar location. This “Ready Reckoner Rates” are taken as the base to calculate the property tax for local body including Gram Panchayats.

Industry Minister Samant discussed the issues and assured to address them at the earliest. Vaibhav Agrawal, Vice Chairman, COSIA, Nitin Alshi, Treasurer, COSIA and Jasbir Singh Arora were present in the delegation.