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LBT brings an additional Rs 17 crore to NMMC's kitty
Updated On: 04 July, 2013 02:15 AM IST | | Richa Pinto
Collections since implementation of LBT is much more in comparison to cess that dealers paid to the corporation till the last financial year
The Navi Mumbai Municipal Corporation’s (NMMC) revenue has got a major boost due to the much-hyped and controversial Local Body Tax (LBT). The collections, since its implementation is much more in comparison to cess that dealers would pay to the corporation till the last financial year. Despite the corporation’s Cess/LBT department not having taken any strict action against the defaulting traders, the corporation’s revenue has risen drastically.

Up in arms: In May, traders protested against the implementation of Local Body Tax (LBT) across the state. File Pic

