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Local Body Tax

Ganeshan Kalyani

Local Body Tax is to be paid by the purchaser. Whether it can be collected & paid through Invoicing. Since LBT is payable by purchaser, whether the dealer can charge LBT on invoice while selling to pay LBT on purchases.

Local Body Tax Collection via Dealer Invoicing Clarified for Maharashtra Purchasers with Turnovers Over 500 Million A discussion on a forum addressed the issue of whether Local Body Tax (LBT) can be collected and paid through invoicing by dealers, given that it is payable by the purchaser. The initial query was resolved, clarifying that LBT is applicable in Maharashtra for turnovers exceeding 500 million. Participants in the discussion included two contributors who exchanged information and confirmed the resolution of the query. (AI Summary)
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