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Local Body Tax

Apr 01, 2015 at 21:25 | Source: PTI
Four major components -- property tax, licence fee, electricity and water charges -- along with the interest on investments, contributed about 92 per cent of the total revenue receipts of the civic body.
Mar 22, 2015 at 17:07 | Source: PTI
Observing that Sodexo meal vouchers are utility goods, which are capable of being sold, delivered and possessed, the Bombay High Court has held that octroi and Local Body Tax (LBT) can be levied on them.
Mar 18, 2015 at 23:30 | Source: PTI
A Shiv Sena leader's comments that Mumbai has not received sufficient funds invited a strong reaction from BJP which said the remarks show "ignorance" on part of the junior ally, which it claimed, wants to delink the financial capital from the rest of Maharashtra. "If Shiv Sena says we have ignored Mumbai, it shows their ignorance.
Mar 18, 2015 at 16:43 | Source: PTI
LBT was introduced by the previous Congress-NCP government with a view to replace octroi.
Feb 28, 2015 at 13:48 | Source: Reuters
The move will help local companies that were fast losing their market share in the world's fourth largest producer of the alloy.
Feb 25, 2015 at 14:09 | Source: Moneycontrol.com
The government must synchronise various central and state laws such as, stamp duty laws, local body licenses, and ensuring minimum lead time for implementation of policy decisions at Centre and State levels
Feb 25, 2015 at 10:10 | Source: CNBC-TV18
CII president Ajay Shriram spoke to CNBC-TV18's Shereen Bhan to discuss the industry body's expectations from the Budget.
Feb 23, 2015 at 08:59 | Source: PTI
He also suggested that the time has come for RBI to cut interest rate by at least 0.5 percent if not one percent because the inflation is almost zero. Referring to the GDP numbers released by Central Statistics Office, Sinha said there is a need for greater scrutiny of data provided by the government body.
Feb 18, 2015 at 16:44 | Source: PTI
All these requests will be considered by the Board of Approval (BoA), headed by Commerce Secretary Rajeev Kher, on February 20. The BoA is a 19-member inter-ministerial body that deals with SEZ-related matters.
Feb 16, 2015 at 22:30 | Source: Business Line
CII president Ajay Shriram spoke to CNBC-TV18's Shereen Bhan to discuss the industry body's expectations from the Budget.
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Firstpost

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Economy  

Source:FirstPost - Mumbai: Wholesale traders in Mumbai have launched a twoday strike to protest against the pending Local Body Tax (LBT) imbroglio, officials said here on Monday.The provocation for the strike is the government failing to fulfil its commitment to set up a highlevel committee

1.45 PM Jul 15th 2013

Firstpost

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Source:FirstPost - Mumbai: Wholesale traders in the city have launched a two-day strike to protest against the pending Local Body Tax (LBT) imbroglio, officials said here Monday.The provocation for the strike is the government failing to fulfill its commitment to set up a high-level committee

11.45 AM Jul 15th 2013

vsrswamy

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Local body tax is similar to Octrai, Entry tax etc., by the corporations to augment their resources. But the amount corruption in the collection of these taxes is enormous. The ultimate customer will be charged without payment to the tax collecting authorities. When we are talking about one GST

1.53 PM May 15th 2013

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Should Local Body Tax be implemented in Mumbai?

12.11 PM May 11th 2013

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Source:DNA India - A large number of retailers, wholesalers and manufacturers in Mumbai remained on strike for the third day on Wednesday as the stalemate over Local Body Tax (LBT) in Maharashtra continued. A delegation of Federation of Associations of Manufacturers (FAM), led by its president

4.33 PM May 9th 2013

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Source:Economic Times - MUMBAI: With an eye on Assembly elections scheduled later this year, Maharashtra government is mulling over scrapping of controversial Local Body Tax (LBT) which is in force except Mumbai and is being stridently opposed by the traders. The government may increase Value Added

10.33 AM May 17th 2014

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HDFC Bank  

Source:Financial Express - Only three traders have submitted local body tax (LBT) amounting to Rs 1.71 lakh in the first three days of collection, indicating that the Pune Municipal Corporation (PMC) administration is likely to have a tough time implementing the new tax regime, the major revenue

12.25 PM May 10th 2013

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ICICI Bank  

Source:Financial Express - Only three traders have submitted local body tax (LBT) amounting to Rs 1.71 lakh in the first three days of collection, indicating that the Pune Municipal Corporation (PMC) administration is likely to have a tough time implementing the new tax regime, the major revenue

12.25 PM May 10th 2013

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Yes Bank  

Source:Financial Express - Only three traders have submitted local body tax (LBT) amounting to Rs 1.71 lakh in the first three days of collection, indicating that the Pune Municipal Corporation (PMC) administration is likely to have a tough time implementing the new tax regime, the major revenue

12.25 PM May 10th 2013

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Source:DNA India - Municipal corporators from various civic bodies in Maharashtra have moved the Bombay High Court challenging the June 1 notification of the state government introducing local body tax on the entry of goods in the limits of cities in lieu of octroi. Hearing one of the petitions

8.53 PM Sep 6th 2012

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Mar 19, 2015 at 16:39 | Source: FirstPost
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