Hyderabad: The state government has invoked the Revenue Recovery Act for the first time to recover commercial tax arrears from defaulting firms. The properties of over 300 firms in 11 divisions across the state have been attached; they together owed nearly Rs 320 crore.
The government has directed officials to auction the properties to recover arrears which have mounted to Rs 1,194 crore. The divisions comprising the city and its outskirt constituted nearly 70 per cent of the arrears.
The arrears have been accumulating since the 1990s. Most of the defaulting firms have closed down over the years. With this, the government has decided to attach their properties and auction them to recover arrears.
Panjagutta tops the list of those who owe tax
Punjagutta: Rs 57 crore arrears
Saroornagar: Rs 49 crore
Nalgonda: Rs 42 crore
Abids: Rs 40 crore
Hyderabad Rural: Rs 37 crore
Nizamabad: Rs 24 crore
Secunderabad: Rs 23 crore
Begumpet: Rs 20 crore
Charminar: Rs 15 crore
Warangal: Rs 9.30 crore
Adilabad: Rs 2 crore
Top defaulters
Begumpet
GSN Ferro Alloys Rs 6 crore; Rajvir Industries Rs 3.04 crore; Cauvery Iron & Steel Rs 3.03 crore; Vijalak Pharma
Rs 1 crore.
Charminar
TM Tyres Rs 9.99 crore; Binjusaria Extractions (presently Sri RPK Estates India Pvt Ltd Rs 1.20 crore.
Panjagutta
Leo Meridian Infrastructure Projects: Nearly Rs 40 crore
Bartronics India Pvt Ltd Rs 6.47 crore; VBC Ferro Alloys Ltd Rs 4.40 crore
Saroornagar
Shalimar Agrotech Rs 18 crore Sanghi Spinners '10 crore.
Abids
Bheema Cements Rs 15 crore; Progressive Constructions Rs 12 crore.
Secunderabad
RSR Jewellers Rs 3.84 crore; Vybra Automet Rs 2.91 crore; Subnil Packaging Machines Rs 1.94 crore, Bharathi Jewellers Rs 1.80 crore; Dilip Metal Industries Rs 1.66 crore.
Hyderabad Rural
ASI Steels Rs 12 crore; Reddy Polymers Processing Ltd Rs 10 crore; Vyshnavi Contractors Rs 4.88 crore; VSN Plastics Rs 4.57 crore.
Nalgonda
GR Cables Ltd Rs 15 crore; Deccan Chromates Ltd '8 crore; Kumar’s Metallurgical Corp Ltd Rs 5 crore.
Nizamabad
Avon Organics Rs 19 crore;
Shivam Smelters Rs 1.09 crore
Warangal
Gayatri Granites Rs 2.29 crore.
Nalgonda
Mallikarjuna Cotton Traders Rs 2.03 crore.
