Traders not issuing original bills face LBT action

The dealers and traders not issuing original bills to customers have started to face the music. The Nagpur Municipal Corporation (NMC) has conducted raids on seven dealers in last three days for local body tax (LBT) evasion and not issuing original bills to customers. NMC's LBT department has also warned businessmen eligible under LBT norms to avoid violations of the rules.The department's team led by assistant commissioner (LBT)...

Read more ...

NMC to seek govt's view on LBT exemption for export units

The Nashik Municipal Corporation (NMC) has decided to seek government's guidance on exempting export oriented units (EOUs) in the limits of the municipal corporation from the local body tax (LBT). The civic body sent a letter to the state government in this regard.There are around 20 EOUs within the NMC's jurisdiction. Industrial associations such as Nashik Industries and Manufacturers' Association (NIMA) and Ambad Industries...

Read more ...

LBT Raid on 2 Shops in Mall

The Thane Municipal Corporation (TMC)'s local body tax (LBT) officials have now started cracking the whip on defaulters from shops located in malls across the city. They have so far conducted raids on shops located in old market areas of Thane.On Friday, LBT officials, led by deputy municipal commissioner Dilip Dhole, conducted a raid on showrooms belonging to multi-national brands like Adidas and Reebok stores at two of Thane's...

Read more ...

Godown Queries

This post shall discuss and attempt to solve all the queries relating to LBT (Local Body Tax) in case a person has a Godown in a Non LBT area but purchase bill contains address of main office, which is in LBT area. When I say "LBT area" I mean within city limits where LBT is applicable. Q - Whether LBT is payable if Address of bill is of Main Office, but goods delivered to Godown? A - No, LBT is not payable. LBT is payable...

Read more ...

Revised Local Body Tax proposal

Revised Local Body Tax proposal to be sent to state govt The Navi Mumbai Municipal Corporation (NMMC) will submit the draft of the revised Local Body Tax (LBT) to the state government in three weeks for its approval."After discussing the existing tax structure with the traders' community and other concerned parties, the civic body's tax (cess) department has prepared a revised LBT proposal which has reduced a certain slab of...

Read more ...

New LBT Rates for Thane

LBT Rates for thane has changed. (Rates Scanned copy below) The new LBT Rate schedule makes amendments for many goods or category of goods. For example - Charcoal and Badami Charcoal Cotton Ice including dry ice. Industrial inputs and packing materials Desi Ghee, Loni, All kind of fats Iron and steel, News print Articles of personal wear, clothing accessories, 3.50% made up textile articles goods of wool & silk cloth Spices...

Read more ...