The Maharahtra government has in principle taken a decision to roll back the LBT which was replaced by octroi in civic bodies except Mumbai since 2010. The government had asked municipal bodies to hold discussions with traders and get their views on LBT.
On Monday, the mayors of both the Mira Bhayander Municipal Corporation (MBMC) and the Vasai Virar Municipal Corporation (VVMC) held meetings with traders on LBT. Traders complained of the harassment at the hands of civic employees collecting LBT. Traders said that little had changed after octroi was replaced by LBT.
Traders said that the government should do away with both LBT and octroi. Traders said that the government can do without both LBT and octroi as they are already paying 42 types of direct and indirect taxes to the government. The municipality also collects licence fees from traders, they added.
In the Vasai-Virar region, traders complained of third party auditing by the municipality. "The income tax and sales tax departments do not get the books audited by a third party. The VVMC, however, has been getting our books audited by private chartered accountants which is illegal," said Ajay Modi, President of Vasai Industries Manufacturers Welfare Association (VIMA).
A number of small and medium size industries have already moved out of the Vasai region due to the exorbitant LBT of 1-7 per cent charged by the VVMC. Traders accused the municipal bodies of demanding their bank statements and details of business transactions for LBT purpose. Traders said that under the guise of collecting LBT, traders business secrets were being disclosed to competitors.
VVMC mayor Narayan Mankar and MBMC mayor Catleen Pereira will forward the suggestions and recommendations of the traders to the state government. Chief Minister Prithviraj Chavan recently met mayors of 26 civic bodies and municipal commissioners to know their take on the tax. The government is looking at bringing back octroi duty or impose a VAT surcharge or a multi-point turnover tax.
http://timesofindia.indiatimes.com/followceleb.cms?alias=Vasai Virar Municipal Corporation,sales tax,Local Body Tax,Income Tax,Octroi
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