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Nashik Municipal Corporation to collect local body tax from June 1

Wednesday, 29 May 2013 12:19 administrator
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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.

Last Updated on Thursday, 30 May 2013 09:22
 

State ready for a relook at LBT

Saturday, 25 May 2013 00:00 administrator
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The Indian Express                25.05.2013

State ready for a relook at LBT

CM Prithviraj Chavan said Friday the government was willing to amend the local body tax (LBT) law following protests across the state.

LBT is already in force in 19 municipal corporations since 2010 but has been put on hold in Mumbai, where it was to be implemented in October.

NCP president and Union agriculture minister Sharad Pawar and Chavan held a meeting Friday to discuss the issue. Pawar urged traders to end their strike and cooperate with the state government.

Chavan, who was initially adamant on imposing LBT, backtracked after opposition from traders and sections in Congress and NCP.

He reiterated his promise to not bring the tax in Mumbai against the wishes of traders.

Federation of Association of Maharashtra (FAM) and leaders of various state corporation associations attended the meeting.

CM said, "A committee headed by the chief secretary will hold discussions with traders."

He asked FAM to nominate representatives for the discussion and also tell how they would like the Act to evolve.

The changes made for Mumbai will also be implemented in rest of the state.

CM said, "I have suggested that BMC take a final decision on LBT."

He said BMC had conveyed to the government it had roped in Tata Institute of Social Sciences to study LBT.

After the meeting, Federation of Retail Traders Welfare Association president Viren Shah said, "We told the government we are not against LBT. But we don't want the municipal corporation to collect the tax. We want the government to entrust the task to the sales tax department."

Chavan had initially rejected the demand, arguing, "Divesting the corporation of tax collection would undermine its autonomy."

 

Civic body collects Rs 46 crore from local body tax

Friday, 24 May 2013 11:59 administrator
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The Times of India              24.05.2013

Civic body collects Rs 46 crore from local body tax

PUNE: The Pune Municipal Corporation (PMC) has generated revenue of Rs 46 crore from the Local Body Tax (LBT) till Friday , a statement issued by the civic body has stated.

The PMC officials said that PMC had collected Rs 40 crore from LBT till Monday , which was the last day for paying the tax. Of the total amount, Rs 25 crore was collected on Monday.

"But even after the deadline traders are making payments. The administration is taking a lenient stand about collecting the LBT tax and accepting the tax even after the deadline," said the PMC officials.

The industries, liquor shops and oil companies are among those, who have paid the tax. Nearly 4,500 traders have made the payment since May 1. Payments have been made through demand drafts, cash, cheque and internet banking.

Octroi, a key revenue source for the civic body, was replaced with LBT on April 1 . In 2012-13, the civic body had registered revenue of Rs 1,200 crore from octroi. The traders were opposing the implementation of LBT as they believe it would hamper their business.

Officials working in the LBT department of the PMC said awareness about LBT was increasing, so they are expecting more revenues from LBT.

Over 63,000 traders in the city had registered for LBT till April 30, the deadline set by the civic body. Others, who have not registered for the LBT yet, may either have to pay five times the tax amount or stop their business activity.

 
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