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Tuesday, May 7, 2013

Shops to stay shut as LBT protest enters third day

 

Mumbai: Stores across Mumbai, Thane and Navi Mumbai will continue to remain closed for business on Wednesday over implementation of the local body tax (LBT).
   The Bombay Goods Transport Association has threatened to join the protest from May 10 if a favourable decision is not reached by May 9. Such a move will halt supplies of all commodities to the city.
   On Tuesday, 50 traders were hauled off to Yellowgate police station in south Mumbai for unlawful assembly. Parts of Andheri, Borivli, Bandra, and Thane were halfshuttered and planned to close on Wednesday, too. Buyers were inconvenienced for the second day in a row. "I stocked up flour, sugar and eggs in case shops in my area close over the next few days," said a resident of Pali Naka, Bandra.
   Addressing a meeting of traders at Kala Ghoda, the Federation of Associations of Maharashtra said that as a mark of protest, it has decided that businessmen would pay only 5% of the value added tax levied upon them.
   Shops in Dadar (east) functioned normally because there was no association to take leadership, said Deepak Acharya of Damodar Mithaiwala.
   "Leave aside the tax amount, I will have to hire a chartered accountant at Rs 10,000 per annum to file monthly returns under LBT. How can a small shopkeeper who struggles to earn a profit of Rs 5,000-10,000 per month pay a CA's fee? We will have to commit suicide like the Vidarbha farmers," said Kookaram Choudhary of Kerala Stores in IC Colony.
   NCP state chief Madhukar Pichad said the CM should form a panel of ministers over the LBT row.

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