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Home > Forum > Pune > Legal > is LBT applicable on purchase of resale flat post 1st August 2015

is LBT applicable on purchase of resale flat post 1st August 2015

Q: I am laming to buy flat in pune. Please let me know whether lbt is applicable now..

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Replies (2)
1
LBT is another name of octroi and cess. Octroi is collected at check posts. In LBT check posts are supposed to be removed. It is a tax which can be collected by Corporations on the basis of books of accounts like VAT. Any goods which are brought into the Corporation area (import) from outside Corporation area for use, consumption or sale are liable for LBT.
Pravakar Saxena


2
Local Body Tax is applicable in Maharashtra,including Municipal Corporations covered cities like Pune, Mumbai, Nasik, Nagpur ,Aurangabad, Sangli and many more. It is applicable where the apartments and flats are sold by builders in such cities, in addition to stamp duty, 1% registration fees will be charged more for such registration of such documents.
Rohit Marathi


3

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