Sunday, June 17, 2012

LOCAL BODY TAX (LBT) AT NASHIK DEVELOPMENT

As the date draws close, LBT has become a matter of discussion in NMC circles, but the civic body has still not received any formal notification from the state government.

Meanwhile, the state has organized a two-day training on local body tax from June 18, for officials from eight municipal corporations, including Nashik, Kalyan-Dombivali, Latur, Amravati, Chandrapur, Parbhani and Ahmednagar.

"We have already submitted the tax related information to the state according to its instructions. But, we have not received any notification from the state as yet with regard to LBT. However we do know that the government can issue a notification any time as it does not require the approval of the general body meeting (GBM) of municipal corporations. In Aurangabad, a state notification had been issued one day prior to the introduction of LBT there. This may also happen in case of Nashik too," the visiting official said.

The institution of local body tax in lieu of the octroi system has been a pressing demand made by Nashik's industrial bodies over the last several years.

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