Saturday, July 20, 2013

The limits of turnover for registration

1.  The limits for  registration shall be,-
(a)  in the case of a dealer,  who is an importer and the value of all the goods imported by him during the year is not less than Rs. 1,00,000.
(b) in any other case, including the case where a dealer has not become liable to pay local body tax under clause (a), and the turnover of all  his sales and purchases during such year, is not less than Rs. 5,00,000.
2.     Notwithstanding anything contained  in sub-rule  (1), if a dealer  or a person not carrying  on a particular  business  in   the  City on a regular  basis,  carries  on business  in the  City in any year  on a temporary  basis, then  he shall be liable for temporary  registration  under  the provisions of the Act and these rules,   whether  or not he is liable under  sub-rule (1) of this rule

This is the new wordings of Rule 3 after amendments (20th June, 2013) LBT Rules 2013