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01 November 2014 | Last updated 11:58 PM


 
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LBT rates announced in Pune, almost equal to octroi
Reporters Name | ST Correspondent | Monday, 1 April 2013 AT 12:25 PM IST
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PUNE: The Pune Municipal Corporation (PMC) has announced the Local Body Tax (LBT) rates and they are almost equal to the earlier octroi rates. Items like gas cylinders, essential commodities, bicycles, text books and milk will not be charged any LBT.

The PMC is replacing octroi with LBT from April 1 and all these new rates will be applicable from Monday.

The LBT Department head from the PMC, Vilas Kanade, said the State government had approved the rates for LBT and it will be applicable from April 1 in the city. All essential commodities are excluded from LBT. The PMC has put up the rates of all the categories on its official website www.punecorporation.org.

Kanade said the rates are equal to the earlier octroi rates. In some cases like gold, IT, spare parts, sarees, the rates are lower than octroi rates. The rates of 140 items have been declared of which 59 items do not attract LBT.

Earlier, there was three per cent octroi on gold and silver. However, both the metals will have less LBT. The LBT for gold will be 0.10 per cent while silver will be charged 0.5 per cent. The LBT for petrol and diesel will be two per cent, which is equal to the earlier octroi rate.


OCTROI TO LBT

- Octroi was being collected by PMC since February 1950.

- Octroi will be stopped in Pune from Sunday midnight.

- PMC’s daily octroi collection was Rs 3.5 crore.

- Octroi will stop but escort fee will continue for the next couple of days.

- At present, a total of 650 employees are working with the Octroi Department.

- As octroi stops, the LBT Department will have 250 surplus employees, who will be shifted to other departments.

 
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Comments
sunil kaushik - Wednesday, 29 January 2014 AT 08:07 PM IST
1. is the LBT applicable in MP And AP State? 2. How much VAt tax in MP and AP State please reply sunil kaushik
 
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krina gandhi - Tuesday, 29 October 2013 AT 03:29 PM IST
Hello we are a charitable organization . LBT is applicable to us ?
 
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Pratik Deshmukh - Thursday, 1 August 2013 AT 06:11 PM IST
We are a Robotics and Automation company based in Pune.We want to send our products to Hyderabad from Pune. How much LBT do i need to pay. In all, i am supposed to add 12.5% VAT and how much % LBT do i need to pay? if the basic price of my export item is RS.100, and i need Rs.10 for Transport. Then how much be the selling price in Hyderabad that i should be offering to the customers?(Assuming that the selling price per item in Pune is Rs.100)??? Please clear my doubt as i am a new bee in the business world...
 
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Nitin Kolhatkar - Saturday, 1 June 2013 AT 12:42 PM IST
Petrol rates in Maharashtra increased by rs 1.40 on what account it is changes? IF due to 2% LBT then * The LBT for petrol and diesel will be two per cent, which is equal to the earlier octroi rate.* is what. Can any body from PMC clear the issue. Pl clear
 
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sainath k gund - Monday, 20 May 2013 AT 03:50 PM IST
if our company is out of octroi,we would like to know that Wether we are applicable for LBT.
 
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narayan - Friday, 10 May 2013 AT 11:12 AM IST
LBT will empower the municipal employees to raid any trader whenever they want and pocket bribes which will go unaccounted.An easy way to corruption.
 
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vijay kurle - Wednesday, 24 April 2013 AT 02:55 PM IST
Government should be firm on their decision of LBT. When LBT is comparatively less than Octroi than why there is so much of resistance by traders and shopkeepers. Yes there are reasons. As of today these shopkeepers and traders are looting their consumers in the name of Octroi which they were not actually paying and recovering from the consumers to put into their own pocket. They want this loot of common citizen to be very well protected and hence, they are resisting for LBT in the state.
 
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dilse - Thursday, 4 April 2013 AT 10:54 PM IST
I am consumer in Pune- recd one interesting message LBT-lawless burden of tax to consumers Think1 (T1) In India all corpns run well without LBT/Octroi except Maharashtra T2 taxrise is raterise directly affects to consumers/end users T3 complicated taxation increases CORRUPTION T4 hence we have to oppose LBT ITs really true as 2 to 5% LBT increases prices of Petrol Diesel Autos and many more consumables. This will not be one time tax as octroi(charged while importing material in Pune City). But LBT at every stage like manufacturer,distributor,wholesaler,retailer,small trader-may be charged - which will increase price of consumable heavily,as this sale stage increase. THINK WISELY
 
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Rajesh Pawar - Wednesday, 3 April 2013 AT 11:24 PM IST
Lbt views we cry, are the political leaders not aware , they know everything, they have all options smarter than our thinking capacity but in this type there is a good maal
 
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DEEPAK KAPOOR - Wednesday, 3 April 2013 AT 08:21 PM IST
Octroi & LBT are taxes of a different age,may be 100 years back. In whole of India Maharashtra is the ONLY STATE reluctant to abolish this. It is retrograde. Let us all have one single VAT as in all CIVILISED societies.
 
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Rajendra Pawar - Wednesday, 3 April 2013 AT 06:02 PM IST
better option govt increase vat and resolved this issue, poor mentality of govt.
 
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DARDA RAVINDRA - Tuesday, 2 April 2013 AT 11:54 AM IST
IF YOU ARE IMPLEMENTING LBT AGAINST OCTROI,THEN WHY ESCORT?YOU HAVE ANNOUNCED ESCORT WILL BE CHARGED FOR COUPLE OF DAYS,WHY DONT YOU ANNOUNCE THE DATE. WE HOPE WE ARE IN DEMOCRATIC COUNTRY,PLEASE DONT TRADERS AS DACOITS
 
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