The Times of India                29.05.2013 

Nashik Municipal Corporation to collect local body tax from June 1

NASHIK: The Nashik Municipal Corporation (NMC) will start recovering the local body tax (LBT) from June 1 and has appealed to industrialists and traders to pay the tax on goods or material procured between May 22 and May 31.

The new tax system came into effect in the city on May 22 and the payment has to be made within the first 10 days the month, failing which a fine of two per cent will be charged.

Deputy commissioner (tax) and in charge of LBT, Haribhau Phadol, said, "We will start the recovery of LBT from June 1. Those businesses or industries which have imported raw materials from May 22 to May 31 will have to pay the tax by June 10."

"We have already started the distribution and submission of application forms for the registration of the new tax system. A total of 6,330 application forms have been distributed so far. Of which, around 842 have submitted their application forms, including 50 from Panchavati division, 25 from Nashik Road, 116 from Nashik East, 137 from Nashik West, 276 from Cidco division and 206 forms from Satpur division. The industry bodies like the Nashik Industries & Manufacturers' Association (NIMA) and the Ambad Industries & Manufacturers' Association (AIMA) have started the distribution of the forms to industries. They said they would submit application forms of all industries at one go."

The new tax system came into effect in the jurisdiction of the NMC on May 22, replacing octroi. The civic body has list of 16,400 trader and industries already registered under the Value Added Tax (VAT) with the sales tax department of the state government. The NMC has started distributing registration certificates to them following the submission of their applications along with the relevant documents. Around 25 industries were presented with the registration certificates by municipal commissioner Sanjay Khandare on the very first day of the implementation of the LBT on May 22.