The newly introduced Local Body Tax (LBT) is a step in the wrong direction that will lead to corruption and price rise. The Maharashtra Government’s decision to introduce the LBT will adversely affect traders and the general public.
LBT will substantially increase corruption as it puts the traders at the mercy of the local body officials, who often harass and extract more money. This high tax will not only increase corruption and paperwork but will also increase the cost of businesses. This will ultimately result in price rise.
Maharashtra government had increased VAT rates (on sales) in 2010 promising the traders that Octroi would be abolished. They collected thousands of crores in double taxes. But in 2013, the Government has gone back on its promise by introducing LBT.
LBT applies to small and big businesses alike. The traders are not against paying taxes but we are concerned about the corruption and harassment this would create. Traders across the state have been protesting against this for the last 2 weeks and the Government has so far taken no action.
Please sign this petition and tell the CM of Maharashtra to stop the implementation of LBT and stop the corruption and price rise this could create.