MCC to accept demonetised notes

Following the order passed by the Finance Ministry to accept demonetised notes in municipal and local bodies, the Mysuru City Corporation on Friday started accepting these notes for various taxes, dues and penalties.

The central government on Thursday passed an order to all local and municipal bodies to accept the demonetised Rs 500 and Rs 1000 notes, while asking them to keep a track. Taking cognizance of the circular, MCC has started receiving the Rs 500 and 1000 notes. But the facility will be available for the public only till midnight, said MCC Commissioner J Jagadeesh.

Speaking to City Today, he said, “We have started accepting the Rs 500 and 1000 notes following the decision taken by the central government towards receiving water tax, building tax and trade licence payable to the corporation. All the old notes received from the public will be remitted to the bank account of the corporation. Kotak Mahindra Bank, where MCC is maintaining the account, is refusing to accept old notes. The corporation has   approached the State Bank of Mysore to accept the notes and are waiting for their confirmation.”

Speaking to this paper, Mayor B L Bhyrappa said, “I had proposed the same to MCC Commissioner a day before, but he refused to consider it. Now with the decision taken by the centre, the corporation is accepting old notes.  Unfortunately, very few are aware of the facility offered by the corporation. Hope more people will come forward by evening to pay their taxes.”

Earlier the central government had allowed the old notes for petrol stations, gas cylinders, train tickets, hospitals and medical shops. Now with this decision more black money would be unearthed.

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