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 receive our E-paper on whatsapp daily, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

Free Press Journal