The Most Anticipated Notification by LBT Dealers has arrived. This Notification abolished LBT for dealers having turnover of less than 50 Crore. Yes you read it correct 50 CRORE.
Earlier the notification dated 23rd July, 2015 had stated that the dealers...
Despite giving assurance of complete abolition of local body tax (LBT) in the municipal corporation area from August 1, the state government has issued a notification that has only waived off LBT for traders with an annual turnover of less than Rs 50 crore.The...
Cheers of traders comes to halt. Government has revised LBT Amnesty Scheme. Incorporated changes suggested by Municipal Corporations. Now the Amnesty scheme is balanced, from earlier being too Tax Payer friendly.
LBT Amnesty Scheme was announced on...
In my previous post, about "LBT Amnesty Scheme in Detail" had in detail mentioned about the scheme, which is valid till 31st July 2015.
A separate application has be submitted to apply for Amnesty Scheme. The sample Application has been provided...
In Short :
As per the Amnesty Scheme (Official Name - The Maharashtra Municipal Corporations Local Body Tax Amnesty Scheme 2015), penalty and interest on accumulated dues of LBT will be waived, subject to fulfillment of conditions, such as...
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...
TV screen on the day of Maharashtra State Budget announcement
Story about, will the LBT go so easily.
Update (04/08/2015) : LBT exempted for dealers how's turnover is less than 50 CR
We saw the above screen flashing every 5 minutes in almost all all...
While the Octroi is set to go by March next year, the Mumbaikars will have to brace for a slew of additional taxes that Brihanmumbai Municipal Corporation (BMC) controlled by Shiv Sena-BJP combine will collect from 2016. Though no new taxes have been announced...