Maharashtra traders to observe 2-day bandh against LBT

The state government has cancelled Octroi and forced LBT on traders

Press Trust of India Mumbai
Last Updated : Jul 09 2013 | 1:12 AM IST
In a bid to mount pressure on the government over imposition of local body tax (LBT), all trade organisations across Maharashtra  have decided to observe a two-day statewide bandh from July 15.

A decision in this regard was taken yesterday in a Federation of Associations of Maharashtra (FAM) meeting at a traders conference here, FAM President Mohan Gurunani said.

The conference was organised by Nashik Metropolitan Traders Confederation and FAM to discuss the vexed LBT issue, said Praful Sancheti, President of Foodgrain Traders association. The state government has cancelled Octroi and forced LBT on traders, Gurunani said.

“It has opened new doors of graft to benefit corrupt government officers who are exploiting traders,” he alleged. “Instead of LBT, we are ready to pay one per cent more professional tax. The appeal for Maharashtra  bandh on July 15-16 is being made for the final fight,” Gurunani added.
 

In May, traders in various parts of Maharashtra including Pune, Pimpri Chinchwad, Navi Mumbai and Thane went on a stir for over a fortnight against the adverse stipulations for implementation of LBT. They had called off the agitation after Chief Minister Prithiviraj Chavan assured traders that necessary amendments would be made in provisions like registration limit. The state government had indicated that it might agree to some traders' demands. The account-based LBT, which replaces Octroi, has been levied in 25 of the 26 municipal corporations in the state.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 08 2013 | 11:49 PM IST

Next Story