Accountant
902 Points
Joined December 2008
Yes, LBT will be leviable on those goods you transfer to Vasai, but since those goods are for trading purpose as you mentioned and if same are traded outside Vasai-Virar Corporation within 6 months of their import/transfer in the city then you can claim benefit available for trading and accordingly pay just 10% of LBT payable on such purchase/transfer
Eg: if as per normal LBT rates your liablity comes to Rs 10,000/- then on goods which are traded outside Vasai-Virar Corp within 6 months you will have to pay just 10% of Rs 10,000/- i.e. 1,000/- Rs
Hope this solve your query