Goods and Services Tax : Two queries are coming every day in and day out under LBT- A. Whether the turnover of sale made from the city to outside the city ...
Goods and Services Tax : Every Local Body Tax (LBT) Practitioner is facing daily disputes with Corporation Authorities for levy of LBT qua goods or qua dea...
Goods and Services Tax : Please find below a compilation of queries received by us in response to Notes related to LBT Exemption put up on our website alon...
Goods and Services Tax : In order to settle at rest confusion regarding meaning of Turnover for eligibility under LBT exemption, now a clarification has be...
Goods and Services Tax : The Local Body Tax called as LBT was introduced in Maharashtra in April 2013, replacing Octroi for certain cities other than Mumba...
Corporate Law : High Court held that (I) We hold that e-recharge is not covered by the Item No. 133 of the Government Notification dated 28th Ma...
Goods and Services Tax : In the case of Sodexo SVC India Private Limited. Vs The State of Maharashtra and Others, Bombay High Court has held that Sodexo me...
Goods and Services Tax : The Petitioner Company is conducting a business of providing preprinted Sodexo Meal Vouchers (For shor...
The Petitioner Company is conducting a business of providing preprinted Sodexo Meal Vouchers (For short “the said Vouchers”). The case made out in the Petitions is that the Petitioner Company enters into a contract with its customers for issuing the said vouchers.
Local Body Tax to be abolished from 1st August 2015. Compensation of Revenue by enhancing VAT tax rate. Women drawing salary upto to Rs. 10000 per month exempted from Profession Tax . Tax rate on ladies Hand Bags and Purses reduced from 12.5 per cent to 5 per cent. Work Book, Graph Book, Drawing Book and Laboratory Book for student’s tax free.
SAILENT FEATURERS OF THE BUDGET SPEECH OF HON. FINANCE MINISTER SHRI SUDHIR MUNGANTIWAR ON WEDNESDAY, 18TH MARCH 2015 Part 1 Main Thrust Areas : Emphasis on dry land farming, accelerated development of infrastructure, removal of disparity, development of urban areas and generation of employment opportunities for youth. Stringent measures to enhance revenue collection and ensuring […]
Octroi v/s LBT: At present octroi is the main source of revenue of Municipal Corporations in Maharashtra. This is the exclusive State where octroi is levied. In fact it is not levy but it is forcibly collection at the check post. It is the spot of harassment for the traders.
Traders in cities from Maharashtra are rightfully agitating over proposed introduction of LBT because of their concerns about multiplicity of indirect taxes and related compliances.
Adv. Neerav Mainkar After years of dragging its feet on the abolition of Octroi at its Check Nakas in several cities, the State Government has finally abolished Octroi in the cities of Nagpur, Pune and Pimpri-Chinchwad, Thane & Navi Mumbai Municipal Corporations, replacing it with Local Body Tax (LBT).
Maharashtra is the only proud state in the country where we have octroi. The issue of abolishing octroi has been a long pending demand of taxpayers, industries, traders and transporters from every corner of the state. The Kelkar Committee (2002) reiterated that with introduction of VAT there should be unification of indirect taxes into a single tax.
Ashish Kedia It seems the arrogance of the government simply refuses to die! Inspite of being witness to one of the largest mass movements over the last 4-5 days by the business community in recent time, the government seems to be in no mood to show any empathy. Octroi taxes have a respectable antiquity, being […]
It is announced by the Government of Maharashtra that Local Body Tax (LBT) will be implemented in the Pune, Pimpri-Chinchwad, Navi Mumbai, Thane, and Nagpur with effect from 1 April 2013.
