India, May 3 -- New Delhi

The Municipal Corporation of Delhi (MCD) on Saturday announced that it is integrating the collection of the general trade fee, also known as the storage licence fee, with the property tax system, and is thereby abolishing the need for a separate application for a General Trade License (GTL).

"Going forward, all property owners/occupiers, uniquely identified through the Unique Property Identification Code (UPIC), will be able to pay the applicable license fee seamlessly along with their Property Tax through the Property Tax Portal," said the MCD in a statement, a copy of which was accessed by HT.

The general trade or storage licence fee has been fixed at 15% of the property tax of the premises concerned. This f...