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As expected, LBT collection surpasses octroi

Monday, 23 December 2013 - 11:05pm IST | Place: Pune | Agency: DNA

After the initial slow start, the Pune Municipal Corporation (PMC) has managed to improve its Local Body Tax (LBT) collection.

While there is still a week left for this year to end, the civic body has managed to collect Rs860 crore as LBT.

The octroi collection last year till December end was Rs859 crore.

While some major projects like Metro, Bus Rapid Transit System (BRTS) and new water pipeline are on the civic body’s agenda, the increasing revenue is a good sign. The amount can be used to carry out development works in the city. 

Vilas Kanade, head of LBT cell, said, “We have gained good momentum. We have surpassed last year’s octroi collection and expect to collect Rs 870 crore by the end of this year.”  

The state government abolished octroi at the start of the financial year and introduced LBT in various municipal corporations. PMC started collecting LBT from the traders from April 1.

In the initial days, protests were witnessed in various parts of the city and state as traders went on strike, thus hampering the collection.  

Till October, the collection was poor. But since the month of November, the LBT cell of PMC started conducting raids as a result of which there has been a sudden increase in the collection. 

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