21.11.14

LBT to stay till GST rollout

Maharashtra Chief Minister Devendra Fadnavis met chiefs of all 26 municipal corporations to discuss the abolition of LBT and the possible alternatives for the local bodies to generate revenue.During the meeting, the government indicated it was unlikely to scrap LBT until the goods and services tax (GST) was introduced by the Centre.
Civic body chiefs were relieved, even as some said they were preparing ground if the LBT does go eventually.
Officials said the civic administration has seen LBT payments drop in the last couple of months with traders delaying payments.
For traders in Pune, who were certain that the new government would abolish the tax as promised before the elections, were both disappointed and angry.
Angry reactions came in from other parts of the state as well.
The CM's directive that officials offer alternatives to the government has some traders hopeful.

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