Municipal Corporation of Greater Mumbai has proposed to impose Local Body Tax in place of Octroi w.e.f. from 1st Oct 2013. At present Octroi is at 3% and its being heard LBT will be charge equivalent to Octroi.
Federation of Association of Maharashtra is taking up the issue on core front to protest the imposition of Local Body Tax as a parent of All Association of Maharashtra (along with member of DISMA, BIMA, and Steel Chamber of India) to go for 1 day Strike on 1st April.
“Maharashtra government LBT tax has already implied in Ulhasnagar area of Mumbai†said a Finish trader on confirmation of above news.
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