Traders initiates tussles against LBT tax:
District traders confederation in association with its State parent unit has announced new levels of protest measures against State’s local body tax initiative. Recently Central Government review committee has recommended cancellation of Octroi and local body tax in 22 districts of Maharashtra State. State has not responded to this recommendation yet and Traders confederation has planned new joint protest marches to get both troublesome taxes cancelled. Traders’ confederation is meeting today in Nagar and would discuss its further stand in the reference. Maharashtra is only State in country having these taxes and in spite of hefty revenue collection in VAT and recent VAT rate increase from 4% to 5%, it has not cancelled both taxes.
District traders confederation in association with its State parent unit has announced new levels of protest measures against State’s local body tax initiative. Recently Central Government review committee has recommended cancellation of Octroi and local body tax in 22 districts of Maharashtra State. State has not responded to this recommendation yet and Traders confederation has planned new joint protest marches to get both troublesome taxes cancelled. Traders’ confederation is meeting today in Nagar and would discuss its further stand in the reference. Maharashtra is only State in country having these taxes and in spite of hefty revenue collection in VAT and recent VAT rate increase from 4% to 5%, it has not cancelled both taxes.
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