261:
276:
was still under implementation. Proposals were also made to increase VAT instead of adding this extra tax. However the same was quashed by the government as it would mean that the money collected by state government through VAT would have to be transferred to civic bodies in form of grant. In 2014,
119:
in the same year. The LBT was in action in other 20 municipalities at that time. Other municipalities implemented LBT effective from 1 April 2013 and Mumbai was planned to implement from 1 October 2013. The law for the same had been passed in 2009 and rules for implementation in various regions had
144:
Additionally, some concessions are defined. For example, when LBT-paid goods are exported outside the city, a 90% of the paid LBT can be refunded based on some conditions. There are also concessions on goods that are imported again after they were sent out for certain processing or outside India.
148:
With implementation of LBT, dealers are supposed to maintain their records of business and file half-yearly returns. The registration number assigned by the civic body also has to be included in the bill or invoice. The traders have to maintain the records for 10 years.
141:) is supposed to be registered with the local civic body i.e. municipality. The payment of the tax is to be done by the trader through an online portal, cheque, demand draft or by cash to a designated bank account or special counters opened for the same by the civic bodies.
68:, levied tax on the goods while they entered the limits of the civic body. In it, the trucks or goods carriers had to pay tax while they entered the city limits at the octroi check posts. As of 2013, the Indian state of
128:
The tax is to be paid by a registered trader within 40 days. As per the rules, every trader whose annual turnover of purchase and sales of the goods included in the taxable schedule is not less than
443:
189:
in a phased manner. LBT was introduced in the year 2010 in Tier III cities. In 2013 it was made applicable to tier II and I cities. The table below shows where LBT was applicable and from when.
152:
In case of delayed or non-payment of LBT, or failure to register, or failure to present bill/invoice/other records, or failure to state correct liability, various penalties are charged.
635:
374:
120:
to be drafted. Chavan noted in an interview that with LBT, the free flow of goods will be possible which was hindered by the octroi collection at the check posts.
412:
272:. The traders protested for the fear that such law would increase harassment and corruption from local authorities. This tax was also noted as extraneous while
302:
715:
605:
579:
553:
527:
689:
268:
After the introduction of LBT in March 2013, various protests were organized by the trader's associations in various cities in India, mostly
80:
are the only known regions to impose octroi. The system was in practice in
Maharashtra since 1965. In March 2013, in a joint session of the
499:
471:
753:
213:
344:
36:
on the entry of goods into a local area for consumption, use or sale therein. The tax is imposed based on the Entry 52 of the
318:
748:
81:
297:
758:
174:
85:
49:
273:
170:
89:
48:
The tax is to be paid by the trader to the civic bodies and the rules and regulations of these vary amongst
531:
233:
203:
663:
738:
223:
252:
Maharashtra State
Government has issued notification on 3 June 2015 starting Amnesty Scheme for LBT.
743:
476:
29:
444:"Local body tax is faith-based; govt expects truthful accounts of imports: Prithviraj Chavan"
41:
631:
8:
133:
5000 and if the annual turnover of purchase and sales of all the goods is not less than
640:
557:
349:
448:
379:
92:
46:"Taxes on the entry of goods into a local area for consumption, use or sale therein."
116:
73:
177:(AMC) was planning to add on a separate LBT apart from the current VAT structure.
504:
244:
The LBT stands cancelled as of August 1, 2015 in
Maharashtra for most traders.
732:
609:
99:
and cess will be cancelled and LBT would be levied in the municipalities of
64:" and "Cess" system of taxing. The octroi system, which originates from the
583:
260:
65:
269:
186:
69:
37:
417:
77:
166:
500:"Decision to replace octroi with LBT a betrayal, says Fadnavis"
112:
100:
96:
61:
375:"Maha to scrap octroi this year, expand ambit of LBT: Chavan"
104:
33:
169:. The octroi was cancelled in 2007 and to compensate that,
138:
108:
52:. The LBT is now partially abolished as of August 1, 2015.
472:"New tax will lead to more paper work & increase cost"
690:"What is local body tax? Why are traders protesting?"
342:
410:
730:
295:
277:the LBT was abolished and octroi reestablished.
636:"LBT abolished for most traders in Maharashtra"
264:Shops in Thane East remained closed in protest.
173:was increased. However, as of April 2013,
469:
411:Veera, Heetesh; Shah, Abhishek (12 May 2013).
316:
345:"LBT all but abolished, state's kitty poorer"
319:"The draconian LBT: Local Body Tax explained"
55:
716:"Octroi to replace local body tax next week"
441:
437:
435:
413:"Goodbye to octroi, but no welcome for LBT"
155:
406:
404:
402:
400:
398:
24:, popularly known by its abbreviation as
661:
604:
578:
552:
526:
432:
369:
367:
259:
165:LBT is not levied upon in the state of
731:
395:
343:Express News Service (1 August 2015).
291:
289:
364:
630:
286:
13:
14:
770:
664:"LBT Amnesty Scheme Notification"
296:Mhatre, Shridhar (29 July 2011).
247:
662:Madrecha, Adarsh (3 June 2015).
470:Dave, Jitendra (20 April 2013).
82:Maharashtra Legislative Assembly
754:Local government in Maharashtra
708:
682:
655:
624:
598:
572:
546:
175:Ahmedabad Municipal Corporation
86:Maharashtra Legislative Council
520:
492:
463:
336:
317:Rao, Ananthram (13 May 2013).
310:
180:
1:
280:
90:Chief Minister of Maharashtra
40:from the Schedule VII of the
532:"LBT Applicability in Thane"
28:, is the tax imposed by the
7:
442:Jog, Sanjay (14 May 2013).
255:
10:
775:
160:
56:History and implementation
749:Local government in India
298:"What is Local Body Tax?"
123:
50:different States in India
60:The tax supersedes the "
477:Daily News and Analysis
156:Where is LBT Applicable
16:City-level tax in India
759:Economy of Maharashtra
265:
185:LBT was introduced in
668:lbtthane.blogspot.com
274:Value Added Tax (VAT)
263:
195:Municipal Corporation
171:Value Added Tax (VAT)
72:and one state in the
42:Constitution of India
198:LBT made applicable
303:Amazing Maharashtra
95:announced that the
66:ancient Roman times
558:"LBT Corporations"
266:
30:local civic bodies
739:Taxation in India
670:. Adi Publication
634:(1 August 2015).
612:. Adi Publication
586:. Adi Publication
560:. Adi Publication
534:. Adi Publication
449:Business Standard
380:Business Standard
242:
241:
93:Prithviraj Chavan
74:Northeast African
766:
724:
723:
712:
706:
705:
703:
701:
686:
680:
679:
677:
675:
659:
653:
652:
650:
648:
628:
622:
621:
619:
617:
608:(1 April 2014).
606:Madrecha, Adarsh
602:
596:
595:
593:
591:
582:(1 April 2014).
580:Madrecha, Adarsh
576:
570:
569:
567:
565:
556:(1 April 2014).
554:Madrecha, Adarsh
550:
544:
543:
541:
539:
530:(1 April 2013).
528:Madrecha, Adarsh
524:
518:
517:
515:
513:
496:
490:
489:
487:
485:
467:
461:
460:
458:
456:
439:
430:
429:
427:
425:
408:
393:
392:
390:
388:
371:
362:
361:
359:
357:
340:
334:
333:
331:
329:
314:
308:
307:
293:
192:
191:
136:
132:
117:Pimpri-Chinchwad
774:
773:
769:
768:
767:
765:
764:
763:
729:
728:
727:
714:
713:
709:
699:
697:
688:
687:
683:
673:
671:
660:
656:
646:
644:
629:
625:
615:
613:
603:
599:
589:
587:
577:
573:
563:
561:
551:
547:
537:
535:
525:
521:
511:
509:
508:. 25 April 2013
498:
497:
493:
483:
481:
468:
464:
454:
452:
440:
433:
423:
421:
409:
396:
386:
384:
383:. 18 March 2013
373:
372:
365:
355:
353:
341:
337:
327:
325:
315:
311:
294:
287:
283:
258:
250:
183:
163:
158:
134:
130:
126:
58:
17:
12:
11:
5:
772:
762:
761:
756:
751:
746:
744:Local taxation
741:
726:
725:
722:. 9 June 2014.
720:Times of India
707:
694:India Infoline
681:
654:
641:Times of India
623:
597:
571:
545:
519:
505:Indian Express
491:
462:
431:
394:
363:
350:Indian Express
335:
309:
284:
282:
279:
257:
254:
249:
248:Amnesty Scheme
246:
240:
239:
236:
230:
229:
226:
220:
219:
216:
210:
209:
206:
200:
199:
196:
182:
179:
162:
159:
157:
154:
137:1,00,000 (one
125:
122:
57:
54:
22:Local Body Tax
15:
9:
6:
4:
3:
2:
771:
760:
757:
755:
752:
750:
747:
745:
742:
740:
737:
736:
734:
721:
717:
711:
696:. 14 May 2013
695:
691:
685:
669:
665:
658:
643:
642:
637:
633:
627:
611:
607:
601:
585:
581:
575:
559:
555:
549:
533:
529:
523:
507:
506:
501:
495:
479:
478:
473:
466:
451:
450:
445:
438:
436:
420:
419:
414:
407:
405:
403:
401:
399:
382:
381:
376:
370:
368:
352:
351:
346:
339:
324:
320:
313:
305:
304:
299:
292:
290:
285:
278:
275:
271:
262:
253:
245:
237:
235:
232:
231:
227:
225:
222:
221:
217:
215:
212:
211:
207:
205:
202:
201:
197:
194:
193:
190:
188:
178:
176:
172:
168:
153:
150:
146:
142:
140:
121:
118:
114:
110:
106:
102:
98:
94:
91:
87:
83:
79:
75:
71:
67:
63:
53:
51:
47:
44:which reads;
43:
39:
35:
31:
27:
23:
19:
719:
710:
698:. Retrieved
693:
684:
672:. Retrieved
667:
657:
645:. Retrieved
639:
626:
614:. Retrieved
610:"LBT Nagpur"
600:
588:. Retrieved
574:
562:. Retrieved
548:
536:. Retrieved
522:
510:. Retrieved
503:
494:
482:. Retrieved
475:
465:
453:. Retrieved
447:
422:. Retrieved
416:
385:. Retrieved
378:
354:. Retrieved
348:
338:
326:. Retrieved
322:
312:
301:
267:
251:
243:
238:01-04-2013
184:
164:
151:
147:
143:
127:
59:
45:
25:
21:
20:
18:
480:. Ahmedabad
270:Maharashtra
228:01-04-2013
218:22-05-2013
208:01-04-2013
187:Maharashtra
181:Maharashtra
76:country of
70:Maharashtra
733:Categories
616:1 December
590:1 December
584:"LBT Pune"
564:1 December
323:Money Life
281:References
38:State List
418:The Hindu
647:2 August
356:1 August
256:Protests
214:Bhiwandi
84:and the
78:Ethiopia
538:28 June
167:Gujarat
161:Gujarat
700:14 May
674:3 June
512:15 May
484:15 May
455:14 May
424:14 May
387:14 May
328:14 May
234:Nagpur
124:Nature
113:Nagpur
101:Mumbai
97:octroi
88:, the
62:octroi
204:Thane
105:Thane
34:India
702:2013
676:2015
649:2015
618:2014
592:2014
566:2014
540:2013
514:2013
486:2013
457:2013
426:2013
389:2013
358:2015
330:2013
224:Pune
139:lakh
115:and
109:Pune
632:PTI
32:of
26:LBT
735::
718:.
692:.
666:.
638:.
502:.
474:.
446:.
434:^
415:.
397:^
377:.
366:^
347:.
321:.
300:.
288:^
111:,
107:,
103:,
704:.
678:.
651:.
620:.
594:.
568:.
542:.
516:.
488:.
459:.
428:.
391:.
360:.
332:.
306:.
135:₹
131:₹
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
