Category: WB VAT

As per Sec­tion 30E of West Ben­gal VAT Act 2003- (1) Every reg­is­tered deal­er shall, in the man­ner as may be pre­scribed, sub­mit before the pre­scribed author­i­ty such state­ments, accounts or dec­la­ra­tions with­in such time as may be pre­scribed and shall ver­i­fy that…

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Sec­ond pro­vi­so to sub-sec­­tion (1) of sec­tion 84 has been sub­sti­tut­ed w.e.f. 01.04.2015. As per the amend­ed pro­vi­sion a deal­er has to pay 15 % of dis­put­ed tax in addi­tion to the admit­ted tax, inter­est, etc., for fil­ing an appeal…

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(i) Sub­mis­sion of scroll has been made manda­to­ry w.e.f. 02.11.2012 by insert­ing sub-sec­­tion (2A) for a per­son who deducts tax from a works con­trac­tor or sup­pli­er, as the case may be, and deposits that amount to Gov­ern­ment Trea­sury with­in the…

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Exist­ing pro­vi­sions of sec­tion 36 has been renum­bered as sec­tion 36(1), and a new sub-sec­­tion (2) has been insert­ed w.e.f. 01.04.2015. As per new­ly insert­ed sub-sec­­tion where the assess­ment order has been passed under sec­tion 46, and the Com­mis­sion­er has…

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Rate of inter­est payable by a deal­er has been grad­ed- Under the exist­ing pro­vi­sions of law, the rate of inter­est, wher­ev­er applic­a­ble, is twelve per cen­tum per annum for the peri­od com­menc­ing on the date imme­di­ate­ly fol­low­ing the pre­scribed date…

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By amend­ing sub-sec­­tion (1A) of sec­tion 30E the mon­e­tary lim­it of fil­ing audit report in Form 88 has been raised from Rs. 5 Crore to Rs. 10 Crore with effect from the finan­cial year com­menc­ing on 01.04.2015. How­ev­er, under the…

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As per the new pro­vi­sion of sub-sec­­tion (4A) of sec­tion 22, ITC or ITR shall be avail­able to the pur­chas­ing deal­er if tax is actu­al­ly paid on such trans­ac­tion by the sell­ing deal­er by way of deposit in Gov­ern­ment account…

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Till 31.03.2015, a deal­er was not enti­tled to avail ITC on duty cred­it scrip oth­er than for the pur­pose of reselling such duty cred­it scrip. By insert­ing third pro­vi­so to sec­tion 22(4), pro­vi­sion has been made w.e.f. 01.04.2015 so that…

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Since there are com­pelling cir­cum­stances to extend fur­ther the last date of fil­ing of return in Form-III, under sec­tion 6 of the West Ben­gal State Tax on Pro­fes­sions, Trades, Call­ings and Employ­ments Act 1979 read with rule 12 of the…

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Since intro­duc­tion of online Way­bill Ser­vice in Decem­ber, 2010, select­ed deal­ers are allowed to gen­er­ate way­bill key num­bers as per their indi­vid­ual allot­ment of year­ly quo­ta for a par­tic­u­lar finan­cial year. Fresh quo­ta is allot­ted afresh at the begin­ning of…

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