Pdf local body tax pune

Pcmc lists items exempt from local body tax pune news. Several essential items and goods such as cereals, wheat, rice. But if you are purchasing from outside pune and selling in pune in that case you can recover the l. The forum of small scale industries association has blamed the local body for not providing the basic infrastructure and facilities to the small scale industries ssis in. Executive summary the property tax is a key revenue source for urban local bodies ulbs in india, although, at present, it is relatively underused, and has limited. Instead, local body tax would be imposed in the municipalities of pune, nagpur, mumbai, thane and pimprichinchwad during the same year. Any organizationcompany having its vat registration number within the limits of pune. The traders can check the lbt rates on the official website of pmc.

After reconsideration, local body tax was partially scrapped in maharashtra in august 2015. Nashik municipal corporation rajiv gandhi bhavan, sharanpur road nashik telephonepbx. Pmc guide to local body tax registration process carepmc. As per the maharashtra municipal corporations act, 1949 under section 2 31 local body tax defined as the tax applied on the entry of goods into the limits of the city, for consumption, use or sale, levied in accordance with the provisions of chapter xi b, but does not include cess as defined in clause 6 a and octroi as defined in clause 42 1. Download download pdf local body tax in india read online read online pdf local body tax in india sources of income of municipal corporation in india finances of urban local bodies in india sources of revenue of municipal corporation revenue of state and local bodies sources of finance of urban local government sources of revenue in urban local bodies sources of revenue of local bodies. The pune municipal corporation pmc has published the rates for local body tax for various commodities. Summary charts deduction under chapter vi a 80c to 80u. So if you are a business owner, it is vital that you should register yourself for lbt. Lbt2022ud32, dated 250220, the government has directed pune municipal corporation to collect local body tax instead of octroi in its jurisdiction from. Just like other online initiatives by pmc, you can now register for lbt. Pune is a city located in the state of maharashtra in western india. The pie chart depicts that, lbt and property tax are the major sources of revenue to pmc. The pimpri chinchwad municipal corporation has taken the lead in making clear which items will come under the local body tax. Accordingly national municipal accounting manual for guidelines was.

Local body tax, popularly known by its abbreviation as lbt, is the tax imposed by the local. India on panchayati raj institutions pris and urban local bodies. It is the second largest city in the state after the state capital, mumbai. Road tax will be on the depreciated value of the vehcile and will depend on the following factors. Download local body tax rates in pune file in xls format. Road tax in pune calculation road tax calculation in pune. Traders, however, were not too keen over the new tax system and protested over it. Notification regarding change of rate dated 03022014. Local body tax in pune municipal corporation lbt in pmc. Description of goods liable to payment of local body tax groupi name of the goods 2 articles made of precious metals of fineness not less than fifty per cent, whether or not containing precious stones, semi precious stones, diamonds or pearls whether real or cultured and to which entry 105 in schedule a group il does not apply. Road tax is to be paid if vehicle moves to pune from other state.

Pune s pathbreaking success in the municipal bond market. Local body tax was introduced in maharashtra to replace octroi and cess. A pride of the peshwas, the city was an epicentre of. Local body tax lbt is a tax that is imposed on entry of goods in local areas for the purpose of consumption, use or sale. City has been registered as a dealer under rule 9 of the bombay provincial municipal corporation. If you are purchasing andor selling the goods within pune limits then there will be no local body tax. Pune towards smart city pune open data pune municipal. The urban local body governing pune city is pune municipal corporation. Information technology audit of the property tax, water billing and.