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Local body tax to come into effect from April 1

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The Times of India                02.03.2013

Local body tax to come into effect from April 1

NAGPUR: The state government has announced that the local body tax (LBT) would replace the octroi system from April 1. It will herald a big change for the civic administration.

The Urban Development Department (UDD) has organized a meeting in this regard on Saturday at Mantralaya. Principal secretary-II Shrikant Singh has convened the meeting of all municipal commissioners and is likely to announce the rates and traders' registration policy. Municipal commissioner Shyam Wardhane will be attending the meeting.

NMC sources told TOI that the government issued the gazette notification for LBT implementation on February 25. "The copy of the notification is likely to be handed over to the civic chief during the meeting. The information about the notification was mentioned in the letter received by the NMC for the meeting," the sources said.

Under the LBT system, the vehicles will not be stopped at the entrance of the city as was the practice in the octroi system. The NMC will collect the LBT on the lines of Sales Tax on a monthly basis.

It will be a big challenge for the NMC to shift to LBT system within the next 30 days. The registration of all traders will have to done under the new system which is also likely to receive some opposition from the traders and office bearers.

During the inauguration programme of Anand Talkies railway under bridge earlier this week, chief minister Prithviraj Chavan had said that abolition of octroi was one of the conditions of JNNURM scheme under which the NMC obtained big developmental projects.
Last Updated on Saturday, 02 March 2013 10:20