suggest please

[Deviprasad Gopal]

Sirs

I have been regularly following your posts and also purchased your E book . its classic.

No other law book in excise or other have E- book in the true sense .

Your e-book is best 

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My query

I have just set up a manufacturing unit at Vasai.

When i went to register for LBT , i was asked to produce invoices of the Capital goods installed .

for the industry of our type namely : paper stationery , we have branch transferred our machines which we had purchased more that 10 years ago.

Please suggest if LBT needs to be paid & if yes the assessable value ?

Thanks and reagards

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Deviprasad

[Sanjay Gurav]

Hi,

If U r puchase capital ggods after April-2013 u have to pay LBT on the Bill Amount.

& If you made branch transfer (Out of Corporation area) before six Month U will get 90% of LBT refund after assessement. i.s. After June - 2014

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Sanjay Gurav.

14, MDG House,

Gokuldas Wadi,

Khopat, Thane - 400 601.

Mob. 88 790 610 68.

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