LBT on Job Work - Explained

Let me explain this with diagrams. The job worker can be in LBT area or Outside LBT area. This gives us 2 situations. In this case the job worker is situated outside LBT area and hence goods are sent outside city for processing. The goods cross border...

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90% Refund

Question: What are the conditions to be satisfied for claming exemption for export outside city? What things are to be fulfilled for claiming 90% refund? Simple Answer: First of all, let's understand what we are discussing. When the dealer bins in goods into the city limits i.e. into LBT area he has to pay tax on the entry know as LBT. Now if the dealer for any reason wants to ae these goods outside city and sell it over there...

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Exemption for Exporters

Question: What are the benefits provided for exporters in this newly introduced LBT(Local Body Tax) law? Simple Answer: The main benefit which is introduced by this new law is that exporter of goods i.e. exporting of goods outside India now will be exempt from payment of LBT. This is the incentive government is giving for exporters to increase the foreign currency remittances. Earlier in Octroi the exporters used to pay taxes...

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Commenting Rules

Due to increasing user traffic and comments it has become essential that this blog which has become a central source of discussion on LBT have some rules for commenting which shall ensure that the visitors of the site get's a information related to their query at one place and helps in good discussion. The following Rues have to be compulsorily followed No posting of links to other website No use of offensive language No questions...

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LBT Interview

An Interview broadcasted on local TV news channel in Thane. TV Interview of both the authors of the book on LB...

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Inviting LBT Consultants

We  are inviting profile from LBT consultants (Advocates, Tax Consultants, Chartered Accountants, etc) from all over Maharashtra to establish a State wide service network in the field of Local Body Tax. The areas we are focusing on- LBT Consultant in Nashik LBT Consultant in Aurangabad LBT Consultant in Kolhapur LBT Consultant in Akola LBT Consultant in Ahmednagar LBT Consultant in Amarawati  LBT Consultant...

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LBT Payment Challan

Below is the download link for downloading the challan for payment of LBT. Download LBT Payment Challan...

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LBT Seminar at Bhiwandi

A Seminar organised by Study Circle of Institute of Chartered Accountant of India (ICAI) jointly with Tax Practitioners Association at Bhiwandi (Dist. Thane). LBT Seminar Invitation...

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Non Dealer Registration

Question Do I have to get registered even If I am not a dealer? Simple Answer Yes you will have to get registered if you are into the business or providing services i.e. a professional. This is subject to the limits. The limits are as below.  Purchases or Sale (of Taxable goods) >= 5000 Purchases (of All goods) >= 4,00,000 But if you are purchasing the goods and importing the goods and not having any...

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Deemed Registration

Question 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...

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Launching LBT Questions

As we all are aware that Local Body Tax is a new Taxation topic, so there are many issues which are not clear. Apart from those there are many questions in mind which are not answered by reading the LBT Rules just once. These questions require lot...

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LBT Rate - Navi Mumbai, 2013

Here is the Rates Schedule for Local Body Tax Calculation and Payment. Download Navi Mumbai LBT Rates (Mirror 1) To know how to download the file Click her...

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LBT Rate - Nagpur 2013

Here is the Rates Schedule for Local Body Tax Calculation and Payment. Download Nagpur LBT Rates (Mirror 1) Update (17th July 2013): The NMC has updated the Nagpur LBT Schedule. The Updated list Nagpur LBT Rates Here. This notification issued on 6th July 2013   To know how to download the file Click her...

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LBT Rate - Kalyan Dombivali 2013

Here is the Rates Schedule for Local Body Tax Calculation and Payment. Download Kalyan Dombivali LBT Rates (Mirror 1) To know how to download the file Click her...

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Inviting LBT Consultants

We invite profile from LBT consultants (Advocates, Tax Consultants, Chartered Accountants, etc) from all over Maharashtra to establish a State wide service network in the field of Local Body Tax. Interested consultants may send their profile with full details including Name Address Area of Operation (Eg- VAT, Income tax, Service tax, Octroi) Number of years Experience Staff Strength Office premises - Whether rented or owned? Include...

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Book on Local Body Tax

Your wishes fulfilled, a one PDF file for all about LBT. A reference and guiding book on LBT for LBT consultants, Traders, Manufacturers, Advocates, Chartered Accountants and for any one who want's to know about Local Body tax in Depth. It covers LBT from...

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Payment for Book on LBT

Purchase E-Books on LBT LBT - All that you need to know about LBT (1st Edition) = Rs 100 LBT Bare Rules 2013 (3rd Edition) = Rs 100 LBT Bare Rules 2012 (2nd Edition) = Rs 50 25% of revenue shall go to Charity. Payment options Deposit or Transfer (Via - NEFT or RTGS) in the below given bank account and after deposit fill out this form for informing us that the payment is made and enter the Gmail Id for accessing the book...

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What is Ebook?

Soon I am going to launch a E-Book on LBT. So the question is "What is a E-book?" and "How will I access the book?"  The LBT book will be on Google's Drive. When you purchase the book, your email Id will be added to the list of person's who can view book. So, it will be a prerequisite to have a "Gmail" account for viewing the book. If you already have one then you don't have anyting to do to view the book, just puchas eit...

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