Sales tax at source from works contract amount is implemented by West Bengal sales tax department . As per West Bengal commercial tax rule , persons who is responsible for paying any sum to any dealer for execution of a works contract within West Bengal on behalf of any of the following entities are responsible [...]
TINXSYS: Verify Dealer’s TIN by Toll Free Phone
April 21, 2012 by Leave a Comment
TINXSYS or Tax Information Exchange System is a centralized exchange of all interstate dealers spread across the various States and Union territories of India to help the Commercial Tax Departments of various States and Union Territories to effectively monitor the interstate trade. TINXSYS can be used by any dealer to verify the counter party interstate dealer in any other State. [...]
No Entry Tax at Check Post in West Bengal !
April 20, 2012 by Leave a Comment
West Bengal has changed the rule of collection of entry tax at the various entry points to the state. Instead , now it has abolished the collection at check points and implemented a scheme of self assessment of entry tax which is is fixed at 1 % of the value of the goods.Thus ,no question of vehicles [...]
List of Goods Exempt from VAT in West Bengal
April 20, 2012 by 1 Comment
The sale of goods which does not require any Value added tax or VAT within the state of West Bengal is provided under Schedule A of the West Bengal Value Added Tax Act 2003 . There are 42 major types of goods classified which are exempt from VAT in West Bengal. The list pf VAT exempt goods [...]
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