Tuesday, April 9, 2013

Rule 3 : Registration (Simplified)

Here is a concise explanation and conditions for registration for LBT
I have explained Rule 3(1) below

A dealer has to get registered if he full fills following conditions

1. Purchase > 5000 (of Taxable goods)  OR
    Sale > 5000 (of Taxable goods)                         And

2. Import > 5000 (of all goods)                             And

3. Purchase > 1,00,000 (of All goods)   OR
    Sale > 1,00,000 (of All goods)

For exact wordings of the Rule see : LBT Registration

For other important points for registration click here

Also See : Online Registration of LBT