BMC Implements New GL Code for One-Time Non-Agricultural (NA) Conversion Premium in Mumbai Redevelopment Projects


Issued by: Brihanmumbai Municipal Corporation Chief Engineer Development Plan | 01 April 2026

Background

The BMC's Development Planning Department has issued this administrative circular to notify all municipal zones, ward offices, and building proposal systems regarding the introduction of a dedicated accounting ledger. Historically, landholders in Mumbai were subjected to a slow, dual-permission framework, requiring independent Non-Agricultural (NA) clearance from the District Collector alongside standard municipal construction approvals. Property owners were also burdened with a repetitive double-taxation system consisting of continuous annual NA revenue assessments and municipal property taxes.

To optimize statutory workflows and improve the ease of doing business, the State Government enacted the Maharashtra Land Revenue Code (Second Amendment) Act, 2025, which completely abolishes separate collector-level NA permissions for lands already zoned as developable under a sanctioned Development Plan (DP). The responsibility to collect a revised, one-time Conversion Premium is now shifted directly to the Planning Authority at the time of plan approval. Consequently, this circular formalizes the creation of General Ledger (GL) Code 140140137 to systematically accept and split these incoming balances.

 

 

 

BMC integrates a dedicated tax-exempt accounting code to process the one-time NA conversion premium mandated under the amended Maharashtra Land Revenue Code.


As per the revised provisions, the requirement for obtaining separate Non- Agricultural (NA) permission from the Collector has been abolished for lands where development is permissible under the Development Plan (DP)

Chief Engineer Development Plan BMC | 04 October 2001


Key Highlights

Collector NA Clearance Abolished: Separate conversion tracking from the Collector's office is eliminated for all developable plots under the master layout.

New Dedicated GL Code: Establishes GL Code 140140137 ("OT Prm fr NA Con NT") to collect and remit the upfront conversion fees directly within the BMC.

Completely Exempt from GST: Formal advice from specialized tax consultants confirms the premium is classified as non-taxable under Central Notification No. 14/2017.

Mandatory Pre-Approval Collection: The premium is calculated based on plot dimensions and must be recovered before final building plan sign-offs are granted.

Statutory Revenue Sharing: Retains 30% of the premium locally for Class A Corporations like the BMC, while remitting the remaining 70% to the state treasury.

Annual NA Assessments Terminated: The continuous annual NA tax collection system is discarded, and historical recurring tax arrears are fully waived up to the amendment date.

What Has Changed?

Particular

Earlier Position

Revised Position

NA Clearance Authority

Dual validation required from both the District Collector and the BMC.

Centralized approval handled directly by the BMC during Building Proposal scrutiny.

NA Tax Assessment

Continuous, recurring annual NA taxes collected by the Revenue Department.

Annual NA tax abolished; replaced by an upfront, one-time Conversion Premium.

Historical Tax Arrears

Arrears accumulated over historical fiscal periods had to be continuously cleared.

Stalled past annual NA tax arrears are completely waived up to the amendment effective date.

Revenue Records Sync

Required manually fetching an NA Sanad before changing land use records.

Automatic updating of revenue records and 7/12 extracts upon BMC building plan approval.

Taxation Status (GST)

Vague, shifting across localized commercial tax metrics.

Standardized as completely non-taxable (covered under official GST exemptions).

 

Important Numerical Provisions

Particular

Value

Premium Rate: Plots up to 1000 sq.m

0.10% of the active ASR market value

Premium Rate: Plots 1001 to 4000 sq.m

0.25% of the active ASR market value

Premium Rate: Plots above 4000 sq.m

0.50% of the active ASR market value

BMC Revenue Retention Share (Class A Corporation)

30% of total collected premium

State Government Revenue Remittance Share

70% of total collected premium

Sovereign Revenue Remittance Code (GRAS)

Head "0029 Land Revenue"

Grace Window for Past Conversions (Pre or Post-2002)

Within 1 year from the date of the GR release

Municipal Accounting GL Code Reference

140140137

Detailed Explanation

1. Integration of Accounting Workflows

Following the substitution of Section 42 and Section 47 of the Maharashtra Land Revenue Code, 1966, the payment of land conversion fees is linked directly with the development permission layer. To ensure collected monies do not cause approval delays, the BMC created GL Code 140140137. During building proposal evaluations, the premium is computed by matching the exact plot area against the active Annual Statement of Rates (ASR). Since it operates as a statutory sovereign charge, it is classified as non-taxable, matching the guidelines of Notification No. 14/2017-Central Tax (Rate).

2. Clear Distribution Patterns

For Class A entities like the BMC, the circular mandates a 30% retention rate to build up local municipal reserves. The remaining 70% must be remitted directly to the State Government's Revenue Department by depositing it under the specified revenue head "0029 Land Revenue" using the digitized GRAS system.

3. Transitional Provisions for Legacy Conversions

The underlying Government Resolution provides a clear, one-year transitional compliance window for lands converted under earlier frameworks:

  • Conversions on or before December 31, 2001: Owners must clear a one-time premium evaluated using the historical 2001 ASR values. Settling this within one year keeps the transaction free from added interest or late fees.
  • Conversions on or after January 1, 2002: The one-time fee is evaluated against the specific ASR market index of the exact year the conversion was executed. If it is left unpaid beyond the one-year window, the BMC is instructed to collect the balance using strict interest and penalty multipliers.

 


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Opinion on FAQ related to circular

Q

What is the purpose of the new GL code?

  A

The new GL code is created to record and manage the collection of One-Time Non-Agricultural Conversion Premium in a standardized and trackable manner within BMC financial systems.


  A
No. Under the amended Section 42 of the Maharashtra Land Revenue Code, separate NA permission from the Collector is completely abolished for any land where development is permissible under the sanctioned Development Plan (DP). The clearance is handled entirely by the BMC during plan approval.
  A
According to the updated Section 47 rate structure, a plot size between 1,001 and 4,000 square meters is charged at a flat rate of 0.25% of the current market value derived from the active Annual Statement of Rates (ASR).
  A
No. As verified by the BMC's legal and GST consultants, this collection represents a sovereign regulatory fee and is entirely non-taxable, falling safely within the exemption framework of Notification No. 14/2017-Central Tax (Rate).

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