Local Body Tax (LBT) - Page 2

Sodexo meal vouchers are utility goods- Octroi & LBT can be levied

Sodexo SVC India Private Limited. Vs The State of Maharashtra and Others (Bombay High Court)

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....

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Maharashtra Budget- Major Tax Highlights- LBT Scrapped wef 01.08.2015

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 ...

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Maharashtra Budget 2015- Salient Features

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 ...

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Local Body Tax in Maharashtra – Highlights

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. ...

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Some thoughts on LBT Agitation in Maharashtra

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....

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Local Body Tax – Why Brickbats Instead Of Bouquets?

 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)....

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LBT – A highly avoidable system of taxation

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 ...

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LBT – All about coffins & coffers

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 […]...

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Maharashtra Budget on LBT FOR Builders & Contractors

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....

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September 2021