local body tax

Nagpur Municipal Corporation (NMC) local body tax (LBT) department on Monday conducted searches at seven cold storages at Kalamna and found goods worth crores of rupees stocked there.

After the state government granted permission to raid trade and business establishments that failed to pay LBT, the PMC began conducting raids last month.

The Nashik Municipal Corporation (NMC) has served notices to around 400 traders, who have registered for local body tax (LBT), but still not paid the taxes since the new tax system was introduced in the city.

Traders in the city have decided not to pay local body tax (LBT) from March 1 as part of a statewide protest against its implementation.

The hearing of the state government’s decision to introduce local body tax (LBT) in the limits of Nashik Municipal Corporation (NMC) is scheduled in the Bombay High Court on Thursday.

Imposition of the local body tax (LBT) has become effective from Wednesday in the limits of Nashik Municipal Corporation, replacing Octroi.

The squad comprising twenty members, headed by Kanade, started the operation at 5pm.

BJP corporator Avinash Thakre was elected the 51st chairman of the standing committee unanimously and immediately assumed charge on Tuesday.

The Kolhapur Municipal Corporation (KMC) is staring at a huge loss in revenue from the traders who have failed to pay the local body tax (LBT) dues for the 2011-2015 period.

Amid steep opposition to the local body tax (LBT) in various cities of the state, the Aurangabad Municipal Corporation (AMC) on Monday posted an LBT collection of Rs 45.99 crore in the first quarter of the current fiscal against a target of Rs 250 crore.

The city's liquor shops, bars and restaurants and beer shops are on the radar of the Aurangabad Municipal Corporation (AMC), with its recently launched drive against dealers evading local body tax.

Even as the Aurangabad Municipal Corporation recently posted a collection of Rs 48 crore in the first quarter of the current financial year on account of local body tax (LBT), nearly one fourth of its annual target, some of the top civic body officials have said that there is still room for improvement.

The Pune municipal corporation has mopped up Rs 10.7 crore from local body tax (LBT) till Monday, July 15 for the month of June 2013.

The revenue of the civic body through local body tax (LBT) has increased by 27% in the first month of the current fiscal (2014-15), as compared to the earnings through octroi during the same period last year.

The civic body’s annual budget plan is all set to go haywire if the state government does scrap local body tax (LBT) ahead of assembly elections, following strong reactions against it from the trader community.

Traders from Pune, Kolhapur, Aurangabad, Nanded, Amravati, Solapur, Thane and Sangli have demanded abolition of the local body tax (LBT) from the state.

The cash-strapped Nagpur Municipal Corporation (NMC) is behind by Rs 105 crore in revenue collection from local body tax (LBT) over the last eight months as compared to octroi before that.

The Nashik Municipal Corporation (NMC) has collected Rs 7.24 crore as local body tax (LBT) from traders and businessmen in a span ten days, which is 50 per cent less as compared to the revenue collected from octroi before the LBT was implemented in the district.

Traders in Pune and Pimpri-Chinchwad continued to maintain their uncompromising stance while the state government too seemed none to keen to find a solution to the standoff over the implementation of the local body tax (LBT).

The state government has finalized the schedule of rates for local body tax (LBT) and sent them for publication.There would be no extra burden on citizens if official sources are to be believed.

The state government decision to abolish local body tax (LBT) from August 2015 has supported the city trader’s stand against the levy, which was first introduced in Kolhapur in 2011.

The civic body has added around 2,700 new traders under the ambit of local body tax (LBT) in the last one year. The total number of traders registered with the civic body has now reached 20,400.

The state has allowed the 10% variation in assessment of local body tax (LBT) considering the traders' difficulties, while paying the self-assessed defaulted tax amount.

City-based traders have expressed satisfaction over the state government's decision to scrap local body tax (LBT) from August 1. They said the decision should have been taken earlier, but asserted that they were ready to give some time to the state government to work on an exit plan.