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Maharashtra traders shut shop against new
local tax
Monday April 22, 2013 02:03:23 PM,
IANS
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Mumbai:
Over a million wholesale traders and manufacturers launched an
indefinite strike here Monday opposing the Maharashtra
government's levy of local body tax in lieu of octroi, it was
announced here.
The LBT, as the new tax is known, which replaced the traditional
octroi in the various municipalities in the state, is an
account-based cess collection for every raw material brought into
the city limits by all businesses, traders and manufacturers.
The strike will see participation of around 500,000 retailers from
Mumbai and Thane for Monday only, while retailers from Pune and
the rest of Maharashtra will join the agitation for two days, said
Federation of Retail Traders' Welfare Association president Viren
Shah.
The indefinite strike call for wholesellers and manufacturers has
been issued by the Confederation of All India Traders and
supported by the Federation of Retail Traders' Welfare Association
(FRTWA), Shah said.
"We do not want the LBT under any circumstances. We shall
surrender our LBT registration by next week if the government does
not withdraw it," Shah said.
A Pune traders panel has moved the Supreme Court challenging the
LBT and the plea will come up for hearing May 7, Shah said.
While the new civic body tax has already been implemented in most
parts of Maharashtra from April 1, it is due to be imposed in
Mumbai from Oct 1.
Shah said that on account of Monday's strike in Mumbai, retailers
will incur a loss of over Rs.500 crore while the losses in other
parts of the state are being calculated.
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