As a solution to the traders’ stiff resistance to the Local Body Tax (LBT), Maharashtra government has decided to give the option of adopting tax structure of their choice to the municipal corporations.

The government is likely to make a formal announcement in this regard later this week, a senior minister said after the cabinet meeting.

With the BrihanMumbai Municipal Corporation (BMC) firm on not scrapping of octroi, the government will leave the decision on continuing with LBT or re-starting octroi to the civic bodies outside Mumbai.

“It is up to the civic bodies to decide the tax structure and generate revenues. They will have the option. LBT was introduced on demand of the traders and now they had done a u-turn,” he said.

(To view our epaper please click here. For all the latest News, Mumbai, Entertainment, Cricket, Business and Featured News updates, visit Free Press Journal. Also, follow us on Twitter and Instagram and do like our Facebook page for continuous updates on the go)

Free Press Journal