Fwd: Very Important Points to be noted in relation to LBT and implemented urgenetly

Dear All,

1. Visit website of nashik municipal corporate and get your LBT number else call us.

2. Prepare stamp of your LBT number and put on Sales Invoice; and also insist your supplier to  mention his LBT number on ur purchase bill( this very important)

3. Prepare stamp of your following declaration  and put on your Sales Invoice; and also insist your supplier to put such declaration on  on ur purchase bill( this very important)

"I/we hereby certify that my/our registration certificate under Local Body Tax rules

is in force on the date on which the sale of the goods specified in this bill /invoice/cash memorandum, is made by me/us and that the transaction of sale covered by this bill/invoice/cash memorandum, has been effected by me/us in the course of my/our business."

4. Create separate  separate Leger in Tally for purchase from within Nashik dealer in out side Nashik Dealer. Preferably also mention the LBT rate applicable to each purchase in narration or create cost center as per LBT rate applicable or seperate ledger as per LBT applicable.

5. LBT not payable in case of purchases from within city dealer.

6. LBT refundable if you sale the purchased product in same form to dealer in other City.

7. Keep the transport receipt of all purchases and sales. and attach the same with purchase and sales invoice. This would save you latter from inspector from NMC.

8. In case of any doubt call us.  

Regards,
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CA.C.V.PAWAR
PATIL DAWARE GIRASE PAWAR & ASSOCIATES

CHARTERED ACCOUNTANTS

0253-2319641. M-9423961209