Bhubaneswar, Nov. 20: Engineering colleges in the city may soon have to pay trade licence fee as the Bhubaneswar Municipal Corporation (BMC) has proposed to include technical institutes in its trade licence net.
As of now, engineering colleges only have to pay holding tax. The BMC has sent a proposal for amendment of the rate in the bye-law of trade licences to the department of housing and urban development.
The proposal includes raising the minimum trade licence fee from Rs 100 to Rs 500 annually.
Similarly, the corporation has also proposed to include various trades such as engineering colleges, cyber cafes in the net of trade licence fees.
The proposal includes bringing down the trade licence fees from Rs 15,000 to Rs 10,000 for small builders. At present, all builders have to pay Rs 15,000 as annual trade licence fees.
The collection of trade licence fees is recommended in Section 554 of the Orissa Municipal Corporation Act, 2003. Sources in the corporation said the proposal has been made taking the Vishkhapatnam Municipal Corporation as a parameter.
“The municipal council has given its nod to the proposal and has been sent to the housing and urban development department for approval. This time, we have decided to include some new services such as engineering colleges and cyber cafes to pay the licence fee,” said a senior corporation official.