The civic administration of the city recently launched a drive to recover the dues of Local Body Tax (LBT), and in this drive Municipal Corporation (NMC) has seized 836 accounts of traders for recovery of dues to the tune of Rs 101.93 crore.
Milind Meshram, Assistant Commissioner, LBT Department stated that As the traders concerned did not take note of the tax assessment, LBT Department decided to freeze their bank accounts to recover the dues .
LBT was abolished for most traders in Maharashtra in 2015. However, as it was applicable in case of traders having quarterly turnover of more than Rs 50 crore, NMC called for filing of returns for the years 2013-14, 2014-15, 2015-16, and 2016-17. The tax dues are for the period from April 1, 2013 (when LBT came into effect) to June 30, 2017 (when LBT was abolished completely and Goods and Services Tax came into being from July 1).
After verification, the civic body issued notices to traders. However, traders did not respond properly and NMC taken this stringent action against defaulters.
