sanket (article) (26 Points)
11 July 2013hi,
a client has registered office in mumbai (registered for the purpose of MVAT) and has factory in pune. All the goods are brought to pune, processed and then sold. Will the liabilty to pay LBT be in Mumbai or pune. Can anyone explain in alittle more detail the exact method of calculation.
Thanks & regards,
CA Sanket Shivalkar
vijay
(Accountant)
(902 Points)
Replied 27 July 2013
Since your all products are brought in Pune, LBT shall be leviable on it as LBT has been introduced in Pune
And the Liability to pay LBT will be at Pune, since you are bringing goods in Pune & also you are registered at Pune
CAclubindia
