Tagged: LBT

Tax

2 Crores in 2 days for VVMC

The Vasai Virar Municipal Corporation (VVMC) has begun recovering Local Body Tax (LBT) and has managed to collect a record Rs 2 crores in two days. The LBT was introduced in the Vasai-Virar region in April 2011 after it was replaced by octroi. The civic administration, however, was unable to meet its target due to untrained staff and shortage of manpower. Traders and businessmen too were unclear about the percentage of tax to be paid...