Local Body Tax

Feb 02, 2016 at 20:19 | Source: PTI
While the Tax Policy Council (TPC) under the Finance Minister will take important policy decisions, the Tax Policy Research Unit (TPRU) under Revenue Secretary will be a multi disciplinary body.
Jan 20, 2016 at 17:58 | Source: CNBC-TV18
Under GST, any local body tax or state tax will be available as a credit which will reduce overall costs and eliminate any dual levies of service tax and VAT on transactions. However, media companies will have to pay additional local body tax over and above the one proposed in GST.
Jan 19, 2016 at 16:37 | Source: CNBC-TV18
Harishankar Subramaniam, National Leader, Indirect Tax, EY says that retailers will benefit fundamentally from the GST as VAT, CST and excise duty on locally manufactured goods will be available as credits.
Jan 07, 2016 at 08:20 | Source: PTI
"There is also an urgent need to remove angel tax that serves to tax the capital receipts, when the availability of financing from recognized sources such as banks and venture capital funds is unavailable and angel funds is the only available source," Nasscom said.
Jan 06, 2016 at 22:17 | Source: PTI
Industry bodies such as CII and Ficci suggested that the withdrawal of incentives should be in tandem with the reduction in corporate tax rate besides removal or reduction of minimum alternate tax (MAT).
Jan 06, 2016 at 21:29 | Source: PTI
Naidu reviewed implementation of Smart City Mission, AMRUT, Swachh Bharat Mission, Heritage Development and Augmentation Yojana (HRIDAY), Prime Minister's Awas Yojana (Urban) and capacity building of urban local bodies, according to a release.
Jan 06, 2016 at 10:31 | Source: SME Mentor
"Services like warehouse management, security, laboratory testing and others that are essential to secure storage of agri-produce should be included in the negative list or in the list of exempted services", industry body Assocham said.
Dec 14, 2015 at 21:26 | Source: CNBC-TV18
With just eight days left for the winter session, representatives from these industry bodies and traders will meet Jaitley on December 16 to discuss their concerns and lend support to the Goods and Services Tax (GST) Bill.
Dec 12, 2015 at 15:55 | Source: Reuters
The government said the anti-dumping duties, on cold-rolled flat stainless steel products, ranged from 4.6 percent to 57.4 percent. Imports from South Korea, South Africa, Taiwan and Thailand will also be taxed.
Dec 09, 2015 at 14:43 | Source: SME Mentor
The cash-strapped EDMC proposed a minor hike in property tax and suggested three new taxes including an annual professional tax, as it sought a road map to bring the civic body out of red.
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Firstpost

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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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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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