Local Body Tax

Local Body Tax, popularly known by its abbreviation as LBT, is the tax imposed by the local civic bodies of India on the entry of goods into a local area for consumption, use or sale therein.[1] The tax is imposed based on the Entry 52 of the State List from the Schedule VII of the Constitution of India which reads; "Taxes on the entry of goods into a local area for consumption, use or sale therein."[2] The tax is to be paid by the trader to the civic bodies and the rules and regulations of these vary amongst different States in India. The LBT is now partially abolished as of August 1, 2015.[3]

  1. ^ Mhatre, Shridhar (29 July 2011). "What is Local Body Tax?". Amazing Maharashtra.
  2. ^ Rao, Ananthram (13 May 2013). "The draconian LBT: Local Body Tax explained". Money Life. Retrieved 14 May 2013.
  3. ^ Express News Service (1 August 2015). "LBT all but abolished, state's kitty poorer". Indian Express. Retrieved 1 August 2015.