Sunday, June 16, 2013

Deemed Registration


What is Deemed Registration?

Simple Answer

All VAT dealers registered in the municipal corporation are considered as deemed registered for LBT. The address on VAT certificate is important for considering whether the dealer is deemed registered or not. Even if main address in the certificate does not fall within the City (LBT Area) Limits, check if the additional place of business listed in VAT certificate falls or not. Thus if any address in the VAT certificate falls within the corporation limits the delar shall be considered to be deemed registered.

Technical Answer

This provision is governed by Rule 9(3) of LBT Rules, 2010

This question is not a stand alone question, but just one of the question of the "LBT Questions" series. To view such other questions click here.