'Civic bodies to have option of deciding tax structure'

Image
Press Trust of India Mumbai
Last Updated : Aug 06 2014 | 8:36 PM IST
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.
With the tribal ministers like Madhukar Pichad and Padmakar Valvi opposing the proposal to include Dhangar community in the third schedule of the Constitution, ministers like Jeetendra Awhad and Amit Deshmukh raised the issue of inclusion of Wanjara and Lingayat communities in the third schedule so that they can avail benefits of reservation.
Chief Minister Prithviraj Chavan said the issues would be examined.
The government had earlier asked concerned departments to prepare a proposal for recommending inclusion of these castes in the third schedule to the Centre.
*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: Aug 06 2014 | 8:36 PM IST

Next Story