The Times of India               12.06.2013

10 - 50 per cent less revenue collected through local body tax as compared to octroi

NASHIK: 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.

From May 22 - when octroi was replaced by the LBT - to May 31, the NMC has been able to collect about 50 per cent less revenue through the new tax system.

Officials said that at present, 17,150 traders and businessmen have registered for the new tax system and more will be registering in the next ten days. They expressed hope for better collections.

"We used to collect Rs 2 crore per day from octroi. But now, in ten days, the collection is just over Rs 7 crore. It means that we used to collect Rs 20 crore in the same pesriod from octroi," deputy municipal commissioner (LBT) Haribhau Phadol said.