Lbt
Querist : Anonymous
2.HOW IT IS ACCOUNTED IN BOOKS LIKE IN PURCHASE SELLS PAYMENT ETC.?
THANKS IN ADVANCE EXPERTS
LBT rates vary from municipality to municipality. So it would be different in Pune and different in Navi Mumbai. So for rates, you need to check with relevant municipality.
for accounting for LBT, please refer
https://lbtthane.blogspot.in/2013/07/accounting-entries-for-lbt.html
Querist : Anonymous
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