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Taxation

Local body tax to come into effect from April 1

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The Times of India                02.03.2013

Local body tax to come into effect from April 1

NAGPUR: The state government has announced that the local body tax (LBT) would replace the octroi system from April 1. It will herald a big change for the civic administration.

The Urban Development Department (UDD) has organized a meeting in this regard on Saturday at Mantralaya. Principal secretary-II Shrikant Singh has convened the meeting of all municipal commissioners and is likely to announce the rates and traders' registration policy. Municipal commissioner Shyam Wardhane will be attending the meeting.

NMC sources told TOI that the government issued the gazette notification for LBT implementation on February 25. "The copy of the notification is likely to be handed over to the civic chief during the meeting. The information about the notification was mentioned in the letter received by the NMC for the meeting," the sources said.

Under the LBT system, the vehicles will not be stopped at the entrance of the city as was the practice in the octroi system. The NMC will collect the LBT on the lines of Sales Tax on a monthly basis.

It will be a big challenge for the NMC to shift to LBT system within the next 30 days. The registration of all traders will have to done under the new system which is also likely to receive some opposition from the traders and office bearers.

During the inauguration programme of Anand Talkies railway under bridge earlier this week, chief minister Prithviraj Chavan had said that abolition of octroi was one of the conditions of JNNURM scheme under which the NMC obtained big developmental projects.
Last Updated on Saturday, 02 March 2013 10:20
 

NDMC defers parking rate hike

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The Times of India                  01.02.2013

NDMC defers parking rate hike

NEW DELHI: Congress seems to be in no mood to upset Delhiites with the Assembly elections just a few months away. New Delhi Municipal Council (NDMC), which has chief minister Sheila Dikshit as a member, on Thursday deferred a proposal to increase parking rates in the city. Recently, BJP, which is the ruling party in the three municipal corporations, had turned down a similar proposal.

NDMC, where Congress is in majority, deferred the proposal after BJP's Karan Singh Tanwar's protested against the hike. "BJP was the first to reject the proposal. The CM agreed to get it reviewed," said Tanwar.

The proposal is based on the recommendations of a Supreme Court-appointed monitoring committee, Environment Pollution Control Authority, and a high court-appointed special task force.
Last Updated on Friday, 01 March 2013 12:15
 

KMC seizes account of UP Power Transmission Corporation

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The Times of India                  01.02.2013

KMC seizes account of UP Power Transmission Corporation

KANPUR: Kanpur municipal corporation in a bid to collect more revenue under the head of general tax seized an account of UP Power Transmission Corporation to recover a sum of Rs 95,72,723.

Vinay Kumar Rai zonal officer of Zone - 5 in a letter to Central Bank of India Panki Power house branch Kanpur directed that the account of UP Power Transmission Corporation had been seized by him under the powers of section 509/513 UP Nagar Nigam Act. The zonal director directed to stop any transaction till any further order passed by him. The zonal officer informed that a notice for recovery of Rs 95,72,723 as general tax was duly served on Corporation on February 12,2013. The corporation failed to deposit the arrears and as a result nagar nigam attached its one of account.

Meanwhile nagar nigam also initiated proceedings of attachment against Shah Group Panki Industrial Estate for recovery of Rs 8,90,063. During the proceedings management Shah group deposited a cheque of Rs 2 lakh and sought time of one week to deposit the remaining amount. Municipal corporation officials thereafter dropped the attachment proceedings.

Last Updated on Friday, 01 March 2013 12:02
 


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