No immediate action on jewellers: NMC

Source: The Hitavada      Date: 01 Jul 2018 11:06:04


Business Bureau,

City-based jewellers heaved a sigh of relief as the civic body on Friday said it would not take action against them on pending cases of Local Body Tax (LBT) on gold purchased from the customers. Paying heed to the repeated complaints of the jewellers, the Nagpur Municipal Corporation (NMC) asked them to make the assessment of gold procured from the customers within the city limits and pay the tax as per the rates applicable during the LBT era.
However, the relaxation would be applicable till State Urban Department issues specific directions. It is worth mentioning here that the civic body would levy LBT on gold even in case when the noble metal was directly purchased from the customers for making various articles.

However, various bodies of jewellers and others had been objecting it saying that it was duplication of the tax. “When the customers used to buy gold from the market, LBT on it was justified. But when the customers used to sell it to the jewellers and that to within the city, the civic body should not ask for LBT,” the jewellers were arguing for quite long.
The controversy continued and the civic authorities had even served notices to the jewellers.

But when a delegation of Nagpur Sarafa Association, met Virendra Kukreja, Chairman of Standing Committee of the civic body on Friday and raised the issue with him and other municipal authorities, NMC relaxed the condition and said that it would not ask for the tax till further notification from the State Urban Development Department (UDD). The delegation was led by B C Bhartia, National President of Confederation of All India Traders (CAIT). Hemant Gandhi, President of Nag Vidarbha Chamber of Commerce (NVCC), Adv Sanjay K Agrawal, Secretary, NVCC, and others were also part of the delegation. MLA Sudhakar Deshmukh and two corporators - Sanjay Bangale and Sunil Agrawal also joined the delegation. The visitors said that purchase of old jewellery from the local people must be exempted from LBT.

Kukreja said that the matter was pending with the Urban Development Ministry of Maharashtra.
“City jewellers may pay LBT as per their own assessment. For jewellery purchases from outside city limit will be considered for LBT till specific directions come from the Urban Development Ministry,” Kukreja said.

Milind Meshram, Assistant Commissioner LBT while talking to The Hitavada confirmed that the city jewellers could now file their LBT dues based on their own assessment.
“After decision from the Maharashtra Urban Develop-ment Ministry comes, we will levy the tax accordingly,” he said.
Also present during the discussion were Ravindra Kumbhare, Additional Commissioner, Rajesh Mohite, Deputy Commissioner, Milind Meshram, Assistant Commissioner, Kishor Dharashivkar, President,
Nagpur Sarafa Association, Rajesh Rokde, Secretary, Rajkumar Gupta and Purshottam Kawle, both vice-presidents, Pankaj Bakhai, ex-Treasurer, Raj Shah, Mukesh Soni, Sanjay Dharashivkar and others.