PCMC gets Rs 7 crore jolt in LBT collection from Tata Motors

PCMC’s LBT department chief Yashwant Mane said that the civic body gets between Rs 18-23 crore LBT every month from Tata Motors.

By: Express News Service | Pune | Published: July 6, 2016 3:44 am

The Pimpri-Chinchwad Municipal Corporation (PCMC) has suffered a severe jolt in its Local Body Tax (LBT) collection as earnings from Tata Motors, one of its biggest customers, dipped by 7 crore for June.

PCMC’s LBT department chief Yashwant Mane said that the civic body gets between Rs 18-23 crore LBT every month from Tata Motors.

“In April and May, we received more than Rs 40 crore from them, but then the LBT revenue dipped by as much as Rs 7 crore,” Mane said.

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PCMC officials said that it is a big setback for the civic body which is aiming to implement several development projects. By June-end, PCMC had an LBT collection of Rs 39.28 crore.

Officials said that the LBT collection last year was Rs 1,310 crore. Of this, Rs 458 crore was received as compensation from the state government for Octroi, which has been scrapped and replaced by LBT.

PCMC officials said that LBT from Tata Motors dipped as the firm had observed ‘block closure’ for a week. “When we spoke to Tata Motors officials, they told us that their vendors are not getting the requisite supply. They said that problems are being sorted out and ensured that there would no problem in future,” Mane said.

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