Maharashtra government to abolish LBT on petrol and diesel within 15 days

The decision was taken to end the disparity between fuel dealers and other traders. Abolishing LBT will cost the government exchequer 280 crore rupees.

Created On: Sep 8, 2015 08:08 ISTModified On: Sep 8, 2015 08:41 IST

Maharashtra government on 7 September 2015 decided to abolish the Local Body Tax (LBT) within 15 days on petrol and diesel. The decision was taken to end the disparity between fuel dealers and other traders.

The decision came after discussions were held between the state government and petrol/diesel pump owners over its imposition. Abolishing LBT will cost the government exchequer 280 crore rupees.

However, the government will impose an alternate tax in place of LBT.

Besides, the State Finance Minister Sudhir Mungantiwar claimed that the fuel dealers are ready to accept the imposition of an alternate tax in lieu of LBT. All they want is parity between all pump owners.

Now get latest Current Affairs on mobile, Download # 1  Current Affairs App

Take Weekly Tests on app for exam prep and compete with others. Download Current Affairs and GK app

एग्जाम की तैयारी के लिए ऐप पर वीकली टेस्ट लें और दूसरों के साथ प्रतिस्पर्धा करें। डाउनलोड करें करेंट अफेयर्स ऐप

AndroidIOS
Comment ()

Post Comment

2 + 0 =
Post

Comments