The Times of India                21.04.2013

Rs 3.32cr LBT collected in a day

NAGPUR: The fear of penalty finally made the traders cough up the LBT dues. The day's collections for Monday which was also the last date for paying the tax without fine stood at Rs 3.32 crore. This is double than the average daily collection during Octroi regime. However, so far the NMC severely lags behind in collection as compared to the older tax system.

Till date it has collected LBT to the tune of Rs 8.6 crore taking it to over Rs 9 crore by adding the entry tax which is levied on trucks passing through the city but not unloading the goods here. Taking the additional 1% stamp duty payable under the LBT system, the total mop up as on date stands at Rs 14 crore. This is the tax which was accrued during the last month and payable in May. The octroi collected during April last year stood at over Rs 35 crore. NMC sources say currently the main contributors towards LBT are petroleum companies, cement and liquor traders. The low collection may be due to the indefinite strike.