Latest StoriesRegulatory

Visakhapatnam Civic Body Gathers ₹230 Crore in April Tax

VISAKHAPATNAM: The Greater Visakhapatnam Municipal Corporation (GVMC) has reported a collection of Rs 230 crore in property and vacant land taxes for April, marking a more than 50% increase from the Rs 164 crore collected during the same period last year. The increase can be attributed to GVMC’s extensive efforts in tax collection and awareness initiatives, as well as a 5% tax rebate offered under an early bird incentive. Additionally, the Andhra Pradesh government provided a final opportunity for property owners to clear their taxes. According to GVMC deputy commissioner (revenue) S Srinivasa Rao, the government permitted property taxpayers to…

Latest StoriesRegulatory

Visakhapatnam collects ₹620 crore in property tax for FY26

VISAKHAPATNAM: The Greater Visakhapatnam Municipal Corporation (GVMC) has successfully collected ₹620 crore in property and vacant land taxes for the fiscal year 2025-26, representing a significant increase of nearly 22% from the previous year’s collection of ₹510 crore. This growth can largely be attributed to the expansion of the tax base and concentrated efforts on assessing vacant land, resulting in an additional ₹110 crore compared to the previous year. Remarkably, April and December 2025 emerged as particularly strong months, adding an extra ₹65 crore compared to the same months in 2024. For instance, collections for April surged from ₹132.11 crore…