Monday, May 11, 2015

Care to be Taken before repealing LBT

This Article is written by +Kishor Lulla 

Some Acts, like Works Contract Act, have been born in negative atmosphere. Local Body Tax is also one of them. These Acts never gave satisfaction to anybody, either it may be Revenue, Dealers or Courts of Law. Though not sure, but at least as on today, trading community is happy on the news  that L.B.T. will be repealed from 01/08/2015. Of Course, as usual, alternative is un assured. Let us wait for the good to happen.

There are some provisions in the Maharashtra Municipal Provincial Rules of which proper care should be taken before repealing the Act.

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