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| Trade license simplification |
| | April 5, 2004 | |
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The Idea |
Reduce discretion in issuing annual trade licenses. Have a self declaration trade license scheme. |
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The Rationale |
There is considerable leakage of trade licensing revenue when there is discretionary authority with officers. A self assessment scheme that works well in the property tax arena can be extended to cover trade licenses. |
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An Approach |
 | The basic premise of Self Assessment is that when the trade entity files their return, annual licensing fee is deemed to have been paid unless the Corporation reverts with ‘mistakes apparent on record’ or the case is taken up for random scrutiny
| | Classify trade activities into appropriate groups
| | Define every classification and set out an easily understandable basis for computing the annual license fee
| | Give the licensing scheme wide publicity
| | Allow trade to pay their fees through multiple channels – make it easy to pay up |
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Potential Partnerships |
Between the trade community and the local urban body |
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The Benefits |
| ULB revenue likely to go up with self assessment
| | Less harassment of trade – more trade friendly
| | Officers can be redeployed to identify non payers rather than focus on routine fee collections |
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