Sunday, April 14, 2013

Lump Sum Payment - New Circular/ Notification

The LBT Rule 27 provides with table for payment of LBT on lump sum basis. But recently TMC has issued a new notification/ circular changing the slabs for payment. I have not yet received the copy of the circular, but have heard it from reputable sources the contents of Circular. If anyone has a copy of the circular or a photo please contact me or leave a comment below.

BEFORE Circular

Slab NoTurnover of all purchasesLBT Payable
1Up to Rs. 1,00,000/-Nil
21,00,001 to 2,00,0002,000/-
32,00,001 to 3,00,0003,000/-
43,00,001 to 4,00,0004,000/-
54,00,001 to 5,00,0005,000/-


AFTER Cicular

Slab NoTurnover of all purchasesLBT Payable
1Up to Rs. 1,00,000/-Nil
21,00,001 to 2,00,0004,000/-
32,00,001 to 5,00,00010,000/-
45,00,001 to 10,00,00020,000/-