What is the Local Body Tax ( L.B.T. ) In Maharashtra?

By: DoYouKnow.IN | Views: 1707 | Date: 05-May-2013

Here we have provided a brief on what LBT (Local Body Tax) in Maharashtra State of India is and the protests against it.

What is LBT?
Local Body Tax or LBT is the tax which will be imposed by civic bodies on the entry of goods into a local area for consumption, use or sale therein.

However, unlike in the octroi regime, trucks carrying goods will not be subjected to physical checking at check posts. But the trader himself has to pay the tax once every 40 days using online portals, cheque, demand draft or cash through a designated bank or counters of the civic bodies.

LBT in Maharashtra

Who is liable to pay?
Any trader with a turnover of purchases and sales is not less than Rs5000. This includes the local kirane wala and even the local pan wala.

What does it replace?
It is going to replace the Octroi taxation.

Chief minister Prithviraj Chavan announced in the assembly that introduction of LBT is likely to considerably ease traffic at all entry points in cities like Mumbai, Thane, Pune and Nagpur as trucks won't have to halt at check posts for inspection and octroi payment.

How does it work?
All the traders will have to keep a complete list of all the goods produced with a month in a software. provided be the civic body. It will check their LBT liability.

The payment will have to made once in 40 days through online portals, cheque, demand draft, or cash through a designated bank or counters of the civic bodies.

Source for?
The Local Body Tax will be the main source of income for the civic bodies.

Protest
Traders and shop keepers in the state are protesting against the LBT. There have been several bandhs.

Previous Page Next Page

People Searching On This Page:
  • local b tax
  • L B T TAX IN MAHARASHTRA
  • yhs-ddc_bd
  • yhs-fullyhosted_003
  • l b t maharashtra TAX
  • L.B.T. TAX
  • what is L.B.T.?
  • local body tax rates in nagpur
  • A brief on what LBT
  • can the seller pay lbt
  • what is lbt tax
  • LBT in Maharashtra
  • lbt tax jokes
  • local body tax in nagpur, ,maharashtra
  • TEXT

Related Pages


DoT to test technology to locate mobile phones in real time

DoT to test technology to locate mobile phones in real time

Articles | Technology | Smart Phones
Date:
05-Dec-2012  Views: 667

The Department of Telecom (DoT) is planning to run a pilot project to test a new technology that will help the authorities to track lost or cloned mob ...
Admission To Ph.D / M.Tech.(Research) Programmes for B.Pharm, M.Pharm, B.Tech, M.Tech, M.Sc @ National Institute of Technology

Admission To Ph.D / M.Tech.(Research) Programmes for B.Pharm, M.Pharm, B.Tech, M.Tech, M.Sc @ National Institute of Technology

Articles | Education | College & University
Date:
25-Nov-2012  Views: 1438

Applications are invited online from eligible candidates for admission to Ph.D. and M.Tech. (Research) Programmes of the Institute with or without fel ...
Result of SSC BSF (Border Security Force) Constable GD 2012 list of selected candidates

Result of SSC BSF (Border Security Force) Constable GD 2012 list of selected candidates

Articles | Exams | Results
Date:
31-Oct-2012  Views: 3315

Here u can get List of selected candidates for the post of Constable (GD) in BSF results 2012 SSC on (http://bsf.nic.in/) ...
Cut-off percentile for MBA colleges - CAT Percentile cut off for MBA Colleges

Cut-off percentile for MBA colleges - CAT Percentile cut off for MBA Colleges

Articles | Exams
Date:
30-Jul-2012  Views: 3463

CAT Percentile Cut-off for Top 50 Colleges accepting CAT Score ...
Leave Travel Allowance or Leave Travel Concession - LTA/LTC Rules in India

Leave Travel Allowance or Leave Travel Concession - LTA/LTC Rules in India

Articles | Finance | Taxes
Date:
14-Oct-2009  Views: 4774

Leave Travel Concession/Assistance LTA/LTC u/s 10(5) exemption. ...
Post Your Comments (No Login Require)
Name : (required)
Email : (required)
Website :

Comment : (required)

92  + 7 =     
Comments
People Searched About:
Local B Tax   |   L B T TAX IN MAHARASHTRA   |   Yhs-Ddc_Bd   |   Yhs-Fullyhosted_003   |   L B T Maharashtra TAX   |   L.B.T. TAX   |   What Is L.B.T.?   |   Local Body Tax Rates In Nagpur   |   A Brief On What LBT   |   Can The Seller Pay Lbt   |   What Is Lbt Tax   |   LBT In Maharashtra   |   Lbt Tax Jokes   |   Local Body Tax In Nagpur, ,Maharashtra   |   TEXT   |   What Is Local Body Tax In Maharashtra   |   Local Body Tax Payments To Made In Which Bank   |   What Is L B T In Maharastra   |   What Is Lbt Taxes Maharashtra   |   L B T MAHARASTRA   |   Local Body Tax Seller Maharashtra   |  
Google : 89 times | Yahoo : 23 times | Bing : 331 times |