The first phase of the Pune Municipal Corporation's (PMC) process to register traders for Local Body Tax (LBT) commences from today.
The civic body will introduce LBT from the next financial year and the deadline for business firms to register their names has been set for March 31.
To avoid inconvenience for entrepreneurs, the PMC is facilitating the option of online registration. Traders can also register at all the 15 regional ward offices using their online facility. Thoes who don’t have Internet access can physically file the papers by submitting photographs and required documents at ward offices.
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Representation Pic
Vilas Kanade, Assistant Commissioner, Octroi Department, said, “A Rs 100 registration fee with two passport size photographs, address of business, address proof, and photocopy of pan card is the basic requirement for each businessman who intends to use material or goods demanded from elsewhere.
Penalising those who don’t register their names would be carried out subsequently. Rules and other information are available on the PMC website. We have also tried to eradicate misconceptions about LBT from the minds of the business community.”
“We are also initiating an awareness drive regarding LBT by conducting special coaching classes at Kasba Peth ward office on March 16, 18 and 19 for citizens and the business community. LBT is simple, transparent and easy to understand and will prove to be more useful in the future,” he added
More revenue
Mahesh Pathak, PMC commissioner, said, “Though the civic body is expecting Rs 1,300 crore from octroi tax till March 31, we are positive of the results from LBT’s enforcement. We can’t assess its success at this juncture, but if the compliance from the business community is encouraging we expect to earn more than octroi in the next financial year.”u00a0
Contact details
For LBT registration, contact the concerned authorities at — 020-25501431 and 25501434
Or via email: octroi@punecorporation.org or localbodytax@punecorporation.org
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