Wednesday 23 September 2015

LBT Maharashtra Turnover Clerification


I would like to bring your attention to the Maharashtra State Government notification dated 1 August 2015 that dealers with turnover of not less than INR 50 Crores shall only be liable for registration.
Lots of questions were raised for Whether turnover within the Municipal corporation area is to be considered or turnover in relation to the business of the dealer within the entire State of Maharashtra.

View of the Law and Judicial Department (LJD) of the Maharashtra State Government was sought. They have thus clarified that the turnover of the dealer within the corporation area is required to be considered and not the turnover for the entire State of Maharashtra. 
In this regard, the Government has clarified that the turnover of the dealer within the Municipal corporation area is required to be considered as per Notification No. LBT. 2015 / C.R. 42 / UD-32 dated 15 September 2015 and not the turnover for the entire State of Maharashtra.