The Times of India              03.08.2013

Nashik Municipal Corporation to check Local Body Tax evasion by transporters

NASHIK: With an eye on curbing LBT (Local Body Tax) evasion and increasing revenue, the Nashik Municipal Corporation (NMC) will serve up a notice to transporters to submit the details of their consignments. There are around 450 transporters in Nashik providing transporting services to the city.

The civic administration is also planning to send notices to unregistered businesses.

"We will be implementing measures to generate maximum revenue through LBT and also to ensure that all businesses are registered and paying the LBT. As a part of this, we are making it mandatory on transporters to submit the details of their consignments," said Nashik municipal commissioner Sanjay Khandare.

"Traders who have not yet fulfilled the LBT registration with the NMC will also be served notices, asking them to register at the earliest. We will also check records of those who had paid octroi in the past and will ensure whether they have completed their LBT registration," added Khandare.

The LBT system came into effect in the jurisdiction of NMC with effect from May 22, replacing the old octroi system. The NMC has registered 16,400 trade and industries that were also registered under the Value Added Tax (VAT) regime system with the sales tax department of the Maharashtra government. Apart from these, around 1,684 new businesses have been registered. A total of 18,084 trade and businesses have been registered so far for LBT.

The NMC has collected Rs 56.5 crore as revenue through LBT so far, of which Rs 13.5 crore was recovered in May (from May 22 to May 31) and the rest, Rs 43 crore, was collected in June.