Will resolve LBT tangle in 15 days, CM tells traders

  • HT Correspondent, Hindustan Times, Mumbai
  • Updated: Nov 07, 2014 00:52 IST

Chief minister Devendra Fadnavis has assured traders that he will find an amicable solution to the tangle over local body tax (LBT) within a fortnight.

At a meeting with the traders on Wednesday, Fadnavis said his government was committed towards ensuring a transparent taxation system for them.

According to Mohan Gurnani, president of the Federation of Association of Merchants (FAM), which had spearheaded the agitation against LBT, Fadnavis was very positive about resolving the issue.

“Fadnavis assured us he would hold a series of meetings with us next week, and come up with an amicable solution within the next 15 days,” said Gurnani.

The traders have been demanding that octroi as well as the LBT system be scrapped, and additional cess be collected instead, based on the sales tax collection.

The city last year witnessed a massive shutdown, with wholesale markets downing shutters to protest against the levying of LBT from October 1.

NCP president Sharad Pawar stepped in to resolve the tangle and temporarily defused the situation. A committee was constituted under the chairmanship of the chief secretary.

The traders accused the government of trying to impose an inspector raj, in order to harass them.

Former chief minister Prithviraj Chavan was insistent on the levying of LBT, and was stoutly opposed by the BJP, which had supported the traders. Chavan later relented and postponed the LBT.

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