Octroi out by yearend: CM

CM Prithviraj Chavan said Friday octroi would be abolished in the state by December-end.

"We are gradually introducing local body tax (LBT) in all corporations. We expect to do away with octroi by the end of the year," he said at an industry summit.Maharashtra, the only state to levy local octroi, has introduced accounts-based LBT to replace it.

LBT has been introduced in municipal areas of Amravati, Akola, Ahmednagar, Ulhasnagar, Kalyan-Dombivali, Chandrapur, Parbhani, Latur and Nashik, among other corporations.

"We are gradually introducing LBT across the state. Now, we will introduce it in Pune, Nagpur, Pimpri-Chinchwad and even Mumbai, which charges 4 per cent octroi," Chavan said.

Please read our terms of use before posting comments
TERMS OF USE: The views expressed in comments published on indianexpress.com are those of the comment writer's alone. They do not represent the views or opinions of The Indian Express Group or its staff. Comments are automatically posted live; however, indianexpress.com reserves the right to take it down at any time. We also reserve the right not to publish comments that are abusive, obscene, inflammatory, derogatory or defamatory.