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State FMs to meet on Nov 20 to discuss draft GST laws

 State finance ministers are scheduled to meet on November 20 to discuss the model Goods and Services (GST) Tax law as well as the integrated-GST or iGST legislation.

LBT, octroi can be levied on Sodexo meal vouchers: Bombay HC

Observing that Sodexo meal vouchers are utility goods, which are capable of being sold, delivered and possessed, the Bombay High Court has held that octroi and Local Body Tax (LBT) can be levied on them.

Mumbai traders' strike continues for second day

Banking activities here remained paralysed and most businesses were shut too Tuesday, day two of the indefinite strike called by over 1.5 million traders and manufacturers to protest the Maharashtra's government's local body tax (LBT) in lieu of octroi.