This Blog is created with a view to give updates to the members/clients/viewers on a topic of professional interest and sharing the knowledge among the chartered accountants, CA students and clients. -CA.Chandrakant Pawar-Nashik
Wednesday, January 8, 2014
LBT on Construction/Builder
Tuesday, December 31, 2013
Local Body Tax Penalty and filling of appeal
Dear All,
I have observed that, the local body tax (LBT) authorities are imposing 2-5 times penalty on dealers for non-registration, delay in registration and delay in payment of LBT. And also taking corrosive action to recover the same.
The dealers shall not pay the penalties and shall opt to file appeal against the order imposing the penalty. There are very good changes of waiver or reduction in penalty amount in appeal.
Regards,
CA.C.V.PAWAR
PATIL DAWARE GIRASE PAWAR & ASSOCIATES
Wednesday, June 5, 2013
LBT-Nashik. LBT applicability to Banks and financial institituions
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CA.C.V.PAWAR
PATIL DAWARE GIRASE PAWAR & ASSOCIATES
INDIAN CA - NURTURED IN INDIA, GROOMED FOR THE WORLD
For latest Updates visit Blogspot : http://canews1.blogspot.in
Saturday, June 1, 2013
LBT NASHIK- Payment of LBT
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CA.C.V.PAWAR
PATIL DAWARE GIRASE PAWAR & ASSOCIATES
Tuesday, May 21, 2013
LBT NASHIK
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CA.C.V.PAWAR
PATIL DAWARE GIRASE PAWAR & ASSOCIATES
Monday, May 20, 2013
DOCUMENTS REQUIRED FOR REGISTRATION UNDER LBT
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CA.C.V.PAWAR
PATIL DAWARE GIRASE PAWAR & ASSOCIATES
LBT at Nashik from 22.05.2013
http://nashikcorporation.gov.in/pagedetail.aspx?type=article&id=92.
-Regards
CA.C.V.PAWAR
M-9423961209
Sent from my Nokia E6
Nashik Municipal Corporation notifies traders about LBT implementation from May 22
Nashik Municipal Corporation notifies traders about LBT implementation from May 22
Nashik Municipal Corporation (NMC) has issued notices to the traders, professionals and organisations informing them that the the new system of Local Body Tax (LBT) will be implemented from May 22.
"The municipal body will cease collecting present ongoing octroi-tax system at midnight of may 21, 2013We are enforcing local body tax following state government's notification dated June 1, 2012 and Bombay High Court directives dated march 26,2013," NMC commissioner Sanjay Khandare said.
He has appealed to the traders and others to collect the prescribed forms from NMC's divisional and other offices and register their establishments.
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CA.C.V.PAWAR
PATIL DAWARE GIRASE PAWAR & ASSOCIATES
INDIAN CA - NURTURED IN INDIA, GROOMED FOR THE WORLD
Monday, May 6, 2013
LBT Nashik
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CA.C.V.PAWAR
PATIL DAWARE GIRASE PAWAR & ASSOCIATES
Saturday, April 27, 2013
LBT AMENDMENTS-DRAFT ISSUED ON 25.4.2013 (LBT- NASHIK)
The LBT - Local Body Tax will be effective at Nashik from 20th May, 2013
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CA.C.V.PAWARPATIL DAWARE GIRASE PAWAR & ASSOCIATES
Govt relaxes several Local Body Tax rules: Amendments
The amended regulations will be applicable for all cities coming under the purview of LBT. The traders especially those having annual turnover less than 10 lakh have a lot to cheer, but the associations involved in the agitation are firm on their demand that LBT has to be withdrawn.
The state urban development department (UDD) issued the amended notification on Thursday and also changed the act, naming it TheMaharashtra Municipal Corporations (local body tax) Rules 2013 instead of the Bombay Provincial Municipal Corporations (local body tax) Rules 2010. The Nagpur Municipal Corporation (NMC) received the copy on Friday afternoon.It has circulated the notice to all trader organizations and asked them to withdraw the agitation.
As per rules, the draft notification will come into effect 20 days after April 25. The UDD principal secretary has been given the responsibility to receive and hear the suggestions and objections.
A major relaxation among the 12 amendments is the exemption from filling of returns to the traders with a turnover of or below 10 lakh per annum who had to go for lump sum system. Besides, the amended regulations will exempt hundreds of traders from LBT registration purview. Another major change is that the traders with an annual turnover of 4 lakh or more and importers bringing goods worth 3 lakh or more will now have to register themselves. Earlier, the mandatory norms were 1.50 lakh for turnover and 1 lakh for importing the goods.
Appealing to the traders to withdraw their agitation, municipal commissioner Shyam Wardhane told TOI that relaxation of rules by the chief minister Prithviraj Chavan was following his assurances given to them and on the floor of the house.
"The government is very positive and serious about the LBT," he said.
However, NVCC president Dipen Agrawal said that the traders want LBT to be withdrawn completely. The general secretary of the Vidarbha Taxpayers Association, Tejinder Singh Renu said, "Instead of making changes in LBT regulations the government should have stopped LBT and increased the percentage in VAT for making up its revenue affected from the abolition of octroi."
NMC assistant commissioner Mahesh Dhamecha said the small traders may have to bear losses during the ongoing agitation. "The NMC received 938 applications and issued registration numbers to all. The 28,000 big traders registered with sales tax department were deemed registered under LBT."
Ringing in the new
For registration eligibility, annual turnover increased to 4 lakh from 1.50 lakh for local traders, 3 lakh from 1 lakh for importing goods
No need to show bills and sale-purchase details may be submitted by maintaining computerized data. The compulsory data storage period reduced to 5 years from 10 years
Traders with annual turnover of or below 10 lakh and opting for lump sum payment system may not have to file returns
Traders importing goods for sale to other cities will not be made compulsory to pay LBT. The civic chief may give total exemption or ask to pay only 10% of total LBT
The payment date extended to 20th of every month as against earlier schedule of 10th. The last date for VAT payment is 21st
The ten times penalty reduced to five times for LBT evasion. Similarly, delay payment interest also reduced to 2% instead of 3% after 12 months period. For non-compliance of notice, the penalty amount reduced to 5,000 from 10,000
Civic chief given powers to verify and impose LBT for the goods taken outside city limited for processing and again brought into city limit for sale. Earlier, it was compulsory for many products
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CA.C.V.PAWAR
PATIL DAWARE GIRASE PAWAR & ASSOCIATES
Monday, April 22, 2013
"LBT-Nashik: Local Body Tax will affect all sectors"
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CA.C.V.PAWAR
PATIL DAWARE GIRASE PAWAR & ASSOCIATES
INDIAN CA - NURTURED IN INDIA, GROOMED FOR THE WORLD
For latest Updates visit Blogspot : http://canews1.blogspot.in
Saturday, April 20, 2013
Changes proposed to LBT- as assured by Chief Minister (LBT Nashik)
Tuesday, June 19, 2012
"एलबीटी'साठी महापालिका प्रशासनाचेच प्रयत्न LOCAL BODY TAX NASHIK सकाळ वृत्तसेवा
http://www.esakal.com/esakal/20120617/4817982088372667414.htm
नाशिक - महापालिकेत स्थानिक संस्था कर (एलबीटी) लागू करताना तत्कालीन प्रभारी आयुक्त पी. वेलरासू यांनी महासभेवर प्रस्ताव न ठेवता निमा व आयमा या उद्योजकांच्या संघटनांच्या ठरावाचा आधार घेऊन परस्पर शासनावर निर्णय सोपविल्याने नाशिककरांवर एलबीटी लागू झाल्याचे स्पष्ट झाले आहे. एरवी शासनाकडून प्राप्त आदेशावर अंमलबजावणीस टाळाटाळ करणाऱ्या महापालिका प्रशासनाने एक दिवसात एलबीटीचा प्रस्ताव शासनाकडे पाठविल्याने तत्कालीन आयुक्तांच्या भूमिकेवर संशय व्यक्त केला जात आहे.
नाशिक शहरात 1 जुलैपासून एलबीटी कर लागू करण्याचा निर्णय शासनाने घेतला आहे. याबाबत राजपत्रात अधिसूचनाही जारी केली आहे. एकीकडे शासनाने एलबीटी लागू केला असला तरी एलबीटीला विरोध करण्यासाठी सर्वपक्षीय गटनेते एकत्र आले आहेत. एलबीटी संदर्भात शासनाने परस्पर निर्णय घेतल्याचे सांगितले जात असले तरी निमा व आयमा या उद्योजकांच्या संघटनांनी त्यांच्या बैठकींमध्ये एलबीटी लागू करण्याचा ठराव संमत केला होता. 8 मेस ठराव संमत झाल्यानंतर शासनाच्या नगरविकास विभागाकडे पाठविण्यात आला होता. नगरविकास विभागाचे उपसचिव गो. अ. लोखंडे यांनी 16 मेस महापालिका आयुक्तांना पत्र पाठवून एलबीटी संदर्भात अहवाल मागविला होता. शासनाकडून प्राप्त झालेले पत्र महासभेसमोर ठेवण्याची आवश्यकता असताना वेलरासू यांनी 16 मेस रात्री उशिरा महापालिकेचे जकातीचे उत्पन्न, मुद्रांक शुल्कातून प्राप्त होणारे उत्पन्न याचा सविस्तर अहवाल नगरविकास विभागाकडे पाठवून शासनानेच एलबीटी संदर्भात निर्णय घेण्याचे सुचविले होते. शासनाने निमा, आयमाचे पत्र व प्रभारी आयुक्तांनी सादर केलेला स्वयंस्पष्ट अहवालाचा आधार घेऊन नाशिक महापालिकेत एलबीटी लागू करण्याचा निर्णय घेतल्याचे स्पष्ट झाले आहे.
एलबीटीची कायद्यात तरतूद
महापालिकेत स्थानिक संस्था कर (एलबीटी) लागू करताना शासनाने राजपत्रात नोंद तर केलीच, शिवाय कायद्यातही रूपांतर केल्याने महासभेने विरोध केला तरी तो विरोध नोंदवून घेण्याइतपत सीमित राहणार असल्याचे सांगितले जात आहे. महापालिकेसंदर्भात निर्णय घेताना महासभेत त्यावर चर्चा होणे आवश्यक असल्याचे मत महापौर ऍड. यतीन वाघ यांच्यासह सर्वपक्षीय गटनेत्यांनी व्यक्त केले होते. या संदर्भात पुढील आठवड्यात महासभा बोलाविण्यात आली असून, त्यात एलबीटीला विरोध करण्याचे धोरण अवलंबिले जाणार असल्याचे सांगितले जाते. स्थानिक लोकप्रतिनिधींनी एलबीटीला विरोध दर्शविला असला तरी शासनाने मुळातच कायद्यात एलबीटी लागू करण्यासंदर्भात तरतूद केली आहे.
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CA.C.V.PAWAR
0253-2319641. M-9423961209
Cancel octroi, levy local body tax instead' industry, trade bodies eye LBT
Cancel octroi, levy local body tax instead' industry, trade bodies eye LBT
NASHIK: Following the cancellation of privatisation of octroi recovery, trade bodies across the city are now hoping to bring into effect Local Body Tax (LBT) as a substitute for octroi.
The Nashik Municipal Corporation (NMC) have been at loggerheads with industry assiociations over the octroi issue for several years, with the latter demanding that octroi be scrapped.The NMC had privatised the recovery of octroi which further annoyed trade groups and they threatened an indefinite stir iover the issue. Even as the newly-elected governing body of the NMC cancelled privatization of octroi recovery, trade groups are now demanding that octroi itself be cancelled and replaced with LBT.
"We are not against octroi but are against the manner in which it is recovered. Traders and industrialists are regularly harassed at octroi check posts. We are ready to pay taxes but they should be free from hassles at octroi check posts. LBT is therefore the best alternative to octroi," said Sanjay Bodke, senior vice-president, MaharashtraChamber of Commerce, Industry and Agriculture (MCCIA).
"We are making efforts to understand how LBT can be implemented within the city of Nashik. We have also met with CM Chavan on the issue and were informed that the state has decided to implement LBT in those municipal corporations where such a demand is made from industry groups," Bodke said. But he also shed light on why the NMC may not be responding to the LBT issue.
"It would be expected that the NMC would send a proposal to the government seeking LBT implementation but this is not possible due to vested interests operating within the civic body. We are therefore planning to meet the CM in Mumbai on April 23, and plan to further urge the NMC to send a proposal regarding LBT to the state as well," Bodke added.
In the last week of March, all 35 industries and trade associations had come together and jointly decided to appeal to the state government to cancel octroi and introduce LBT as a substitute. Dhananjay Bele, president, Nashik Industries and Manufacturers' Association said an internal meeting was being planned to determine further course of action.
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CA.C.V.PAWAR
0253-2319641. M-9423961209
OPPOSITION IS EXPECTED FROM POLITICAL LEADER TO LOCAL BODY TAX(LBT)
NASHIK: A day after a delegation of industrialists from Nashik were told by the secretary of the urban development department of the state government that the local body tax (LBT) would be introduced from July, political parties and the administration, including some traders, voiced their opposition.
Nashik Municipal Corporation (NMC) officials have pointed out many loopholes in the collection of the LBT. "People would evade LBT or pay less by showing less turnover. Moreover, our inspectors will have to go to their doorsteps to check their documents, registers, receipts, etc.," said an official.
Ajay Boraste of the Shiv Sena said, "Octroi is the main reason why Nashik developed the way it did for so long. LBT cannot be an alternative to octroi. We are expecting more than Rs 600 crore revenue from octroi. If the state government gives assurance that LBT can fetch us Rs 600 crore, then we are ready for LBT." He said that LBT is another form of tax like house tax, water cess, etc. "Our experience is that the revenue generated from house and water taxes is always less. It is difficult to understand the role and policy of the government in this," he said.
Dinkar Patil of the Congress said that there was no need to have LBT or privatization of octroi collection. "The NMC has started with octroi collection, let them do it. LBT is even more dangerous than privatisation of octroi. Who will pay LBT sincerely? The people who are advocating LBT are wrong. I strongly oppose it," said Patil.
Seema Hiray of Bharatiya Janata Party (BJP) said that the decision of whether to implement LBT or not will depend on the decision of her party. "With LBT we will be getting lesser revenue than octroi. This policy is not right. It needs to be discussed in the general body meeting," she said.
City chief of Nationalist Congress Party (NCP) said, "A policy decision needs to be taken on the issue in the general body meeting. Even if LBT is enforced, the revenue should not be less. But there are loopholes in LBT. NMC would be in loss. I feel that if privatisation has been cancelled and the NMC has shown readiness to collect octroi then they should be allowed to do it. It was decided by the government that till the projects under Jawaharlal Nehru National Urban Renewal Mission is completed octroi be collected. I feel that at least for a year octroi be collected or at least till the NMC becomes financially stable."
Shashikant Jadhav of Maharashtra Navnirman Sena feels that it is important to alert the citizens about LBT and for the NMC to study it well . "I don't think the citizens will accept it so easily. The MNS has kept its word and has accepted the proposal of the industrialists, now by going to the chief minister they have shown their opposition for MNS. LBT has many loopholes and the NMC will lose revenue. For a couple of years more octroi shuld be collected and maximum revenue collected so that when central government cancels octroi we wont have problems," he said.
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CA.C.V.PAWAR
0253-2319641. M-9423961209
Sunday, June 17, 2012
ANNUAL RETURN FORM FOR LOCAL BODY TAX (LBT NASHIK)
CLICK HERE FOR ANNUAL RETURN FORM:
https://docs.google.com/open?id=1S4xGi9kIMGbzOyKSgAz63Px9zbEfENxLXp_kqmjqIKnToVQg3u-n5s5pnshk
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CA.C.V.PAWAR
PATIL DAWARE GIRASE PAWAR & ASSOCIATES
PLAN -- PERSEVERE and PROGRESS
INDIAN CA - NURTURED IN INDIA, GROOMED FOR THE WORLD
For latest Updates visit Blogspot : http://canews1.blogspot.com
ANNUAL RETURN FORM FOR LOCAL BODY TAX (LBT NASHIK)
CLICK HERE FOR ANNUAL RETURN FORM:
https://docs.google.com/open?id=1bZE6SbRV_27C89zlApGlfGxfdv7i5vNOy678C1IAqffbPIe9zvhUV6FMeuAH
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CA.C.V.PAWAR
PATIL DAWARE GIRASE PAWAR & ASSOCIATES
PLAN -- PERSEVERE and PROGRESS
INDIAN CA - NURTURED IN INDIA, GROOMED FOR THE WORLD
For latest Updates visit Blogspot : http://canews1.blogspot.com
LOCAL BODY TAX (LBT) AT NASHIK DEVELOPMENT
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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CA.C.V.PAWAR
PATIL DAWARE GIRASE PAWAR & ASSOCIATES
PLAN -- PERSEVERE and PROGRESS
INDIAN CA - NURTURED IN INDIA, GROOMED FOR THE WORLD
For latest Updates visit Blogspot : http://canews1.blogspot.com

