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 No | Turnover of all purchases | LBT Payable |
|---|
| 1 | Up to Rs. 1,00,000/- | Nil |
| 2 | 1,00,001 to 2,00,000 | 2,000/- |
| 3 | 2,00,001 to 3,00,000 | 3,000/- |
| 4 | 3,00,001 to 4,00,000 | 4,000/- |
| 5 | 4,00,001 to 5,00,000 | 5,000/- |
AFTER Cicular
| Slab No | Turnover of all purchases | LBT Payable |
|---|
| 1 | Up to Rs. 1,00,000/- | Nil |
| 2 | 1,00,001 to 2,00,000 | 4,000/- |
| 3 | 2,00,001 to 5,00,000 | 10,000/- |
| 4 | 5,00,001 to 10,00,000 | 20,000/- |
