Lbt Registration Form Pune Pdf Download

Lbt registration form pune pdf download

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Local Body Tax , popularly known by its abbreviation as LBT , is the tax imposed by the local civic bodies of India on the entry of goods into a local area for consumption, use or sale therein. The LBT is now partially abolished as of August 1, The tax supersedes the " octroi " and "Cess" system of taxing. The octroi system, which originates from the ancient Roman times , levied tax on the goods while they entered the limits of the civic body.

Know your LBT No

In it, the trucks or goods carriers had to pay tax while they entered the city limits at the octroi check posts. As of [update] , the Indian state of Maharashtra and one state in the Northeast African country of Ethiopia are the only known regions to impose octroi. The LBT was in action in other 20 municipalities at that time.

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Chavan noted in an interview that with LBT, the free flow of goods will be possible which was hindered by the octroi collection at the check posts. The payment of the tax is to be done by the trader through an online portal, cheque, demand draft or by cash to a designated bank account or special counters opened for the same by the civic bodies. Additionally, some concessions are defined.

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There are also concessions on goods that are imported again after they were sent out for certain processing or outside India. With implementation of LBT, dealers are supposed to maintain their records of business and file half-yearly returns.

Lbt registration form pune pdf download

The registration number assigned by the civic body also has to be included in the bill or invoice. LBT is not levied upon in the state of Gujarat. LBT was introduced in Maharashtra in a phased manner.

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In it was made applicable to tier II and I cities. The table below shows where LBT was applicable and from when.

Lbt registration form pune pdf download

After the introduction of LBT in March , various protests were organized by the trader's associations in various cities in India, mostly Maharashtra. The traders protested for the fear that such law would increase harassment and corruption from local authorities.

All Forms for LBT

However the same was quashed by the government as it would mean that the money collected by state government through VAT would have to be transferred to civic bodies in form of grant. From Wikipedia, the free encyclopedia.

Amazing Maharashtra. Money Life.

Lbt registration form pune pdf download

Retrieved 14 May Indian Express. Retrieved 1 August Business Standard.

Documents Required for Registration of Local Body Tax (LBT)

The Hindu. Daily News and Analysis. Retrieved 15 May Adi Publication. Retrieved 28 June Retrieved 1 December Times of India.

Lbt registration form pune pdf download

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Lbt registration form pune pdf download

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