Maha Congress MPs seek Sonia's intervention on LBT

Image
Press Trust of India Nagpur
Last Updated : May 03 2013 | 7:40 PM IST
Congress MPs from Maharashtra today sought the intervention of party President Sonia Gandhi to find solution to the ongoing strike by traders over LBT.
The business community has launched an agitation from April 22 against the levy of Local Body Tax (LBT) in place of octroi.
While octroi was payable by transporters on behalf of traders bringing their goods in city limits, the newly introduced LBT is payable by traders themselves and for which they are required to furnish all details of their businesses. Traders apprehend the new system would lead to corruption and harassment at the hands of local civic staff.
The MPs pointed out to Sonia Gandhi in a communication that in most states, octroi was abolished following introduction of Value Added Tax (VAT) in 2005 without any alternate levy of tax, a press release from office of Vilas Muttemwar said.
The introduction of VAT led to increase in the revenues of the states which helped them compensate the loss suffered by municipal corporations following withdrawal of octroi, they pointed out.
The MPs have also demanded that the Chief Minister of Maharashtra Prithviraj Chavan should enter into a dialogue with the representatives of business community to find a workable solution to the problem.
Vilas Muttemwar, Murli Deora, Gurudas Kamat, Vijay Darda, Eknath Gaikwad, Mukul Wasnik were among the MPs to have approached party president Sonia Gandhi seeking her intervention in the matter, according to the release.
*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: May 03 2013 | 7:40 PM IST

Next Story