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Local Body Tax

Jan 15, 2015 at 15:07 | Source: SME Mentor
Sales of passenger vehicles in India will grow just 1 percent in the year to March 2015, at the low end of expectations set and already revised by the country's industry body, officials said, blaming a government decision to scrap tax breaks
Jan 06, 2015 at 16:33 | Source: CNBC-TV18
During the meeting, heads of industry bodies like CII, Ficci and Assocham urged the FM to do away with the minimum alternate tax for manufacturing sector, to boost India's manufacturing activity.
Dec 23, 2014 at 08:17 | Source: PTI
Besides, the panel proposed regularising the unauthorised parking sites and change in the parking fees to increase the corporation's revenue.
Dec 22, 2014 at 12:54 | Source: Moneycontrol.com
According to an agreement, worked out in an meeting with Kerala chief minister Oommen Chandy, tyre companies will buy rubber from local market with 20 percent customs duty and 5 percent purchase tax, over the international price from local dealers.
Dec 15, 2014 at 20:51 | Source: PTI
In Delhi, petrol will cost Rs 61.33 a litre, the lowest in 44 months, as compared to current price of Rs 63.33. The price has been cut by Rs 2.09 a litre in Mumbai to Rs 68.86. Rates differ from state to state because of varied rates of local sales tax or VAT.
Dec 15, 2014 at 19:42 | Source: PTI
"No force on this earth can separate Mumbai from Maharashtra," Fadnavis told the Assembly during a marathon debate on the motion of thanks on Governor C Vidyasagar Rao's joint address to both the Houses of State Legislature.
Dec 03, 2014 at 20:40 | Source: PTI
The ministry has been receiving representations from trade bodies on tax-related issues and disputes that affect the industry as a whole or impact a large sections of the industry.
Nov 03, 2014 at 08:29 | Source: PTI
In Mumbai, jet fuel will cost Rs 64,414.98 per kl from today as against Rs 69,610.50 per kl previously. The rates vary because of differences in local sales tax or VAT.
Oct 14, 2014 at 22:15 | Source: PTI
State-owned oil firms, which cut petrol price by 54 paisa on October 1, reduced rates by another Re 1 per litre, excluding local sales tax or VAT, with effect from midnight tonight, Indian Oil Corp (IOC) announced here.
Oct 14, 2014 at 19:15 | Source: PTI
"Apart from predatory pricing the online retail companies take undue advantage of the wide variation in sales tax and local taxes by operating from low tax geographical regions," Consumer Electronics and Appliances Manufacturers Association (CEAMA) said in a statement.
Messages on Local Body Tax »

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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Economy  

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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Other Market Topics  

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

MMB Messenger

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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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