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 [...]
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 [...]
WB VAT: No Input Tax Credit on 12 Types of Goods
April 20, 2012 by 1 Comment
Input tax credit is the amount of tax paid by the dealer on purchases for which the dealer is entitled to claim a credit while paying for the sales tax on goods.The input tax credit has to be claimed in the tax period in which a dealer records tax invoice and can be adjusted against [...]
No Professional Tax upto Rs 5000 in West Bengal
April 19, 2012 by Leave a Comment
Commissioner , Professional Tax of West Bengal has issued circular that salary and wages earners upto Rs 5000 are exempted from payment of professional tax. The amendment effective from 01/04/2012 is result on account of Notification no.454 F.T. dt.31/03/2012 was issued by Finance dept. The said circular is as under GOVERNMENT OF WEST BENGAL DIRECTORATE [...]
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