PMC coffers ring as LBT pours in

PMC coffers ring as LBT pours in

Rs 4.5 cr collected in three days.

With various trade bodies beginning to pay local body tax (LBT),the tax department of Pune Municipal Corporation (PMC) has collected Rs 4.5 crore in the last three days. The total tax collected this month has gone up to Rs 47 crore so far.

As on Thursday,57,840 traders have registered for LBT. As many as 6,218 traders registered for LBT on Wednesday,the highest on a day.

The implementation of LBT was fiercely protested by the traders who had gone on an indefinite strike. They had contended that the implementation of LBT would be detrimental in carrying out business. The traders called off their strike after 13 days when the state government conceded to most of their demands.

The state government has extended the deadline to register for LBT to June 20,which is the last extension. As of now,the civic body would not collect any fine or interest from traders. The tax can be paid at the branches of HDFC,ICICI,YES Bank,Indusind Bank and Bank of Maharashtra. The help line number for LBT cell is 25501431.