The Times of India 26.04.2013
Register for Local Body Tax by April-end, Pune Municipal Corporation tells traders
PUNE: The Pune Municipal Corporation (PMC) on Thursday appealed to traders to register for the Local Body Tax (LBT) before the end of April.
Traders can register at 16 centres across the city. One centre each has been set up at the 15 ward offices while registration can also be done at the octroi department office near the civic body's headquarters in Shivajinagar. The registration details have been uploaded on the official website: www.punecorporation.org
So far, the civic body has issued LBT certificates to 57,840 traders and 3,060 more have completed the registration process.
The new registration process started on March 14 and continued till March 31. Over 61,000 traders had collected their local body tax certificates by March 31.
Civic officials said it is mandatory for traders to register for the LBT and collect the certificate. Those without the certificate cannot trade in the city. There are provisions to impose a fine and punish traders who fail to follow the rules.
Octroi always been a major source of revenue for the civic body and has accounted for 40% of the civic body's revenue. It had collected Rs 1,314 crore as octroi till March 31, 2013, exceeding last year's figure by Rs 84 crore.
The state government has recently replaced octroi with the LBT in Pune and Pimpri Chinchwad among other municipal corporations in the state. Now, all traders who bring goods worth more than Rs 5,000 from outside the city are required to register with the civic body. For the new tax system, the administration has given traders the option of registering online or physically filling up the forms.
Traders can register at 16 centres across the city. One centre each has been set up at the 15 ward offices while registration can also be done at the octroi department office near the civic body's headquarters in Shivajinagar. The registration details have been uploaded on the official website: www.punecorporation.org
So far, the civic body has issued LBT certificates to 57,840 traders and 3,060 more have completed the registration process.
The new registration process started on March 14 and continued till March 31. Over 61,000 traders had collected their local body tax certificates by March 31.
Civic officials said it is mandatory for traders to register for the LBT and collect the certificate. Those without the certificate cannot trade in the city. There are provisions to impose a fine and punish traders who fail to follow the rules.
Octroi always been a major source of revenue for the civic body and has accounted for 40% of the civic body's revenue. It had collected Rs 1,314 crore as octroi till March 31, 2013, exceeding last year's figure by Rs 84 crore.
The state government has recently replaced octroi with the LBT in Pune and Pimpri Chinchwad among other municipal corporations in the state. Now, all traders who bring goods worth more than Rs 5,000 from outside the city are required to register with the civic body. For the new tax system, the administration has given traders the option of registering online or physically filling up the forms.
