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Union Budget 2018: BMC may find budget taxing without octroi net

With no octroi to lean on, the BMC might find it a taxing affair to fund its budget for the coming year

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Representation pic
Representation pic

With no octroi to lean on, the BMC might find it a taxing affair to fund its budget for the coming year. The octroi was the civic body's largest source of revenue - accounting for 40% - but now that it has been abolished and replaced by the Goods and Service Tax (GST), the Corporation is walking a thin line in terms of financial stability.

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