LBT office in Thane

I got a few questions as "Where is the LBT office?", "LBT office in Thane?" So Decided to post the exact address here on the blog itself instead of replying to each and every one. Address : LBT office, Oswal Park, Pokharan Road No. 2, Thane West, Maharashtra. (Click...

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Online Registration Procedure

Thane Municipal Corporation has set up a new Website for LBT registration  >> tmc.mahalbt.com/ << Below is the procedure with all screenshots for online LBT Registration. Once you complete this registration process, you can perform all the...

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Error - "Already Applied please login with your User ID"

When Applyiong for the registration of LBT you may recieve this message >> Already Applied please login with your User ID and password << below is the Screenshot of the same. If you get this error then...

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LBT on outside area purchases

Question : Will I be liable to pay LBT on goods purchased from outside the LBT area (i.e Thane) but goods have not entered the LBT Area? Example - I purchased goods from say Shahapur (Which is not in LBT Area) and my office is located in Thane (Which is in LBT Area) but goods are not entering thane, they are directly sent to say Bangalore (Which is again not a LBT Area). So, Will I be liable to pay LBT? Simple Answer No, Not...

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Cancellation of Certificate of Registration

As per Rule 17 of LBT Rules 2010 Commissioner can suo moto or after receiving application from the assesses cancel the registration certificate. Below is the bare wordings of Rule 17. Cancellation of Certificate of Registration.-(1) Where,-(a) any business, including that of a dealer  who is deemed to be registered under sub-rule (3) of rule 9 of these rules, in respect of which a certificate of registration has been issued...

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Present status of LBT in Thane - News

A Bandh has been called by TSSIA (Thane Small Scale Industries Association) and traders association on 22nd April, 2013. And a Rally at 9 am from Gaondevi Maidan to TMC This is the email sent to all memebers of the TSSIA (Click on Image to view full...

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All Forms for LBT

The following are the forms issued by Department under Rules of LBT. table.tableizer-table { border: 1px solid #CCC; font-family: ; font-size: 12px; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #ccc; } .tableizer-table th { background-color: #104E8B; color: #FFF; font-weight: bold; } FormPurpose AApplication for Registration BCertificate of Registration CApplication for Cancellation of Certificate DRegister...

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Checking on Octroi Naka

If you are one of the persons who used to get irritated by the checking ad long lines at Octroi, then you will definitely like new rules of LBT. Read on to know more.  Question: Is there any checking by authority over check post or flying squad? Simple Answer: No, No checking at Naka Details and Explanatio...

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Copy Paste

It has come to my notice that some of the visitors of this site are distributing the content of this site claiming as their own. Please come on.. Have some Courtesy. I don't have any objection in you using the contents of this website in your mail, article, or even your book. But show some professionalism and mention your source of information as this website URL "LBTthane.blogspot.com"...

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Default rate ?

Question: What is the rate of my goods which I Import, if there is no rate specified i the Schedule of Rates? Simple Answer: 5% on Bill Amount. Details and Explanation: The schedule of Rates is divided into 2 schedules "A" and "B" Schedule B provides with goods which are exempt from LBT. Schedule A are those goods which does not fall in Schedule B which are further divided into 4 group...

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Thane City

Since the LBT will be payable only if goods purchased enters Thane region, it is important to define what is thane region for the purpose of LBT. Since the region for Octroi will continue for LBT too, department has not come up with any definition for Thane. Below...

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Payment of LBT

The question: How trader/dealer pay the LBT to authority - Is it Monthly self filing & payments? Simple answer Monthly, 10th of next month Details and Explanation As per Rules, payment is to be made on 10th of the next month. So for the month of April, payment date is 10th May. Unlike Octroi, the payment has to be made on the basis of bill date and not when goods entered the city. So if bill of goods you purchased from...

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Penalties Explained

Here is the tabulated form of penalties (All the penalties of LBT Rules 2010 Covered) table.tableizer-table { border: 1px solid #CCC; font-family: ; font-size: 12px; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #ccc; } .tableizer-table th { background-color: #104E8B; color: #FFF; font-weight: bold; } Sr NoOffenceMaximum Penalty 1Not issuing BillDouble of LBT 2Not applied for RgistrationTen...

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Lump sum Payment - Explained

Similar to what we have compostion scheme in VAT or Service tax, we have "Lump Sum Payment Scheme" Also see : Bare provisions of the LBT Rule 27 Before reading the explanation below, let me clarify the recent notification. As per the Rule 27, this scheme is applicable only for those dealers who's total purchases during the year is less than 5,00,000 but there is a new notification/ circular by TMC to increase it to 10,00,000....

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Lump sum Payment of Local Body Tax

There is a Lump Sum payment scheme in LBT Rules similar to what we have composition scheme in Service Tax. This is governed by Rule 27. Below are the bare wordings of the provisions of the rule. See also : Lump Sum payment explained Lump  sum Payment of Local Body Tax.-(1) Subject  to the provisions of this rule, if a registered dealer whose turnover  of all purchases during  a year, is less than ...

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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 table.tableizer-table { border: 1px solid...

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Present status of LBT in Thane (News)

Read this only if u are reading this before 20th April, 2013 Update : See this new post for after 20th April, 2013 Some of the visitors of this blog asked what is the current status of LBT in thane? Answer: Currently TSSIA (Thane Small Scale Industries Association), Thane Retailers Association along with thane plywood committee are fighting with govt officials for Uniform Tax Rates. The other demands include > lower penalties  >...

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Rule 48 : Penalties

Below are the exact wordings of Rule 48 Dowlnoad Rule 48 of LBT Rules,2010 (in TXT file) Imposition of penalty and interest in certain cases(1) If the selling dealer referred  to in section 152G, fails to issue  to the purchasing dealer  a bill, invoice or cash memo, as required,  the Commissioner may, after  giving the selling dealer  a reasonable  opportunity of being heard,  impose...

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Meaning of "Appointed day"

If you are reading rules of LBT, 2010 you will come across many places the word "Appointed day". So, what does it mean In simple terms its 1st of April, 2013  Now some explanation of the above answer, before that you need to know what the LBT Rule says about i...

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For Consumers

In This post I am going to explain about whether a consumer like you and me are required to pay LBT? LBT is unquestionably payable by a Trader, Manufacturer, Retailer, Dealer. Agent if they import (Purchase) any goods from outside district of thane. The question is important because the LBT Rules says a person has to get registered if purchase of goods (from outside Thane) exceeds 5000 Rs in a year. So, each and every one may...

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LBT for Jewellers

Here is the gist of LBT rules and rates which are applicable for jewelers (Retail as well as Wholesale). First of all let me talk about rates. table.tableizer-table { border: 1px solid #CCC; font-family: Verdana, Verdana, Geneva, sans-serif; font-size: 12px; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #ccc; } .tableizer-table th { background-color: #104F8C; color: #FFF; font-weight: bold; } Sr...

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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...

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Explanation to Rule 27 : Lump sum Payment of LBT

Here is the Explanation (Concise) to Rule 27 Also See : Rule 27 (Bare provision) Because of new Circular, the below explanation has changed, please click here for new explanatory If a dealer satisfies the below conditions then he can pay LBT on "Lump Sum Payment" 1. Purchases during the year less than 5,00,000 Rs. 2. Furnish Declaration in Form R. 3. Receive order granting permission. 4. Make payment within 15 days from date...

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Registration - Important Points

Continued from : Registration for LBT Now that you have understood when you have to apply for registration, Let me state what are the other points Important to be considered for registration A dealer registered under the MVAT Act having place of business within the limits of respective Municipal Corporation shall be deemed to be registered under LBT. A dealer having more than one place of business in two different corporations...

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Registration for LBT

The starting point for any taxation law is Registration. So, let's understand what we have for LBT, before I say in my simple language let's hear what Section 3 says about registration. Section 3 :  The limits of turnover  for registration.-(1) The limits of turnover  for  registration shall be,-(a)  in the case of a dealer,  who is an importer  and  whose turnover of  sales or the ...

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Is LBT applicable in Thane

A short answer to the question "Is LBT applicable in Thane?" is  YES w.e.f. 01-04-2013 But this is not what you are expecting or this is not for what you came here Right? You need a notification or a Section in a Act which has a legal binding and can...

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