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Bouncing cheques add to Greater Visakhapatnam Municipal Corporation’s tax collection woes

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VISAKHAPATNAM: Even as the Greater Visakhapatnam Municipal Corporation (GVMC) is facing an uphill task getting tax payers to cough up taxes, rampant cheque-bounce cases are becoming an added headache for the civic body that needs to mop up more than 50% of its total property tax (PT) and vacant land tax (VLT) target of Rs 210 crore for fiscal 2013-14 in just 49 days. "It will be very tough to achieve 100% tax collections this year, particularly in the case of PT and VLT, as we have 49 days to collect more than Rs 105 crore by way of these two taxes from Tuesday onwards...

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