Rule 4 – Calculating the limit of turnover for liability for registration.
1. For the purpose of calculating the limits of turnover for liability for registration,-
(a) except as otherwise expressly provided, the turnover of all sales or, as the case may be, the turnover of all purchases, shall be taken into account whether such sales or purchases are of goods taxable under the provisions of the Act and the rules or not ;
(b) the turnover shall include all sales and all purchases made by a dealer on his own account, and also on behalf of the principals mentioned in his accounts.
(c) in the case of an auctioneer, in addition to the turnover, if any, referred to in clauses (a) and (b), the turnover shall also include the price of the goods auctioned by him for his principal, whether the offer of the intending purchaser is accepted by him or by the principal or a nominee of the principal if the price of such goods is received by him on behalf of the principal.
2. a manager or agent of a non-residential dealer residing in the City or, as the case may be, non residential dealers, shall be liable for registration under these rules whether or not the non-residential dealer or, as the case may be, non-residential dealers, are liable for registration under this rule, and a commission agent or any other agent by whatever name called, and an auctioneer shall be liable for registration under this rule, whether or not the principal is a dealer, and whether or not principal is liable for registration under this rule.
This is the new wordings of Rule 3 after amendments (20th June, 2013) LBT Rules 2013