West bengal value added tax act 2003 pdf

West bengal claims it hasnt got a single covid19 test kit from icmrniced. Aquatic feed, poultry feed and cattle feed including grass, hay. West bengal value added tax act, 2003 tamilnadu vat act, 2006 karnataka value added tax act, 2003 gujarat value added tax act, 2003 the uttar pradesh value added tax act 2008 rajasthan value added tax act, 2003 punjab value added tax act. The government of west bengal vide trade circular no. The system envisages levy of tax on the sale at each stage and contemplates allowing setoff of tax paid on purchases. West bengal, interception, search, seizure and penalty for contravention, certain measures to prevent evasion of tax on sales within west bengal. Download west bengal value added tax act,2003 file in pdf.

A brief presentation issued by the commercial tax department, west bengal is annexed herewith for your ready reference. Therefore, no tax will be payable on the following goods under schedule a. Schedule a goods on sale of which no tax is payable serial no. Maharashtra value added tax act 2002 west bengal value added tax act, 2003. In todays dynamic and challenging business environments, having an informed view of tomorrow is vital. An act to levy tax on sale of goods in west bengal on the basis of value added to such goods at each stage of sale of such goods and on purchases of certain goods in west bengal in specified circumstances and to provide for matters connected therewith or incidental thereto. Reversal of input tax credit on interstate stock transfers as per existing provisions of vat laws input tax credit up to 3% previously it was 4% is denied to dealers in the. Settlement of dispute scheme under the west bengal vat act, 2003 and central sales tax act, 1956 has been notified. As a consequence to the national consensus for introduction of vat, the earlier west bengal sales tax act, 1994 has been replaced by west bengal value added tax act, 2003 for all goods barring motor sprit, foreign liquor and country liquor. While every care has been taken to provide accurate copy of the west bengal value added tax act, 2003 incorporating the subsequent amendments, the directorate of commercial taxes, west bengal will not be responsible for any typographical or any other errorinaccuracy in the above act and for any clarification in the matter please contact the. The west bengal government appeals all to contribute generously to the west bengal state emergency relief fund and assist in combating covid19 corona. West bengal value added tax act, 2003 punjab value added tax act haryana value added tax act telangana vat act 2005 gujarat value added tax act, 2003 tamilnadu vat act, 2006 the indian partnership act, 1932.

Prior to 142005, the system for levy of tax in west bengal, in general, was a single point tax system. The west bengal value added tax act 2003 is an act to levy tax on sale of goods in the state of west bengal on the basis of value added to such goods at each stage of sale of such goods and on purchases of certain goods in west bengal in specified circumstances and to provide for matters connected therewith or incidental thereto. What is value added tax vat vat value added tax is a multistage tax system. Vat value added tax is a multistage tax system for collection of tax on sales. An act to levy tax on sale of goods in west bengal on the basis of value added to such goods at each stage of sale of such goods and on purchases of certain goods in west bengal in specified circumstancves and to provide for matters connected therewith or incidental thereto whereas it is expedient to provide for the levy of tax on sale of goods in west bengal on the basis of value added to. Settlement of dispute scheme under the west bengal vat act. Maharashtra value added tax act 2002 rajasthan value added tax act, 2003.

Certificate of clearance the particulars set out above are verified and it is certified that the abovementioned applicant has no liability to pay tax under section 15 of the west bengal sales tax act, 1994. Thus, tax is payable and paid on the value addition only. The west bengal value added tax rules, 2005 return form 14 see subrule 1 of rule 34 for dealers not paying tax under subsection 3 of section 16 or subsection 4 of section 18 section a. Wb vat act 2003 west bengal value added tax fyki for. Form 88 audit report under section 30e of the west bengal value. Agricultural implements manually operated or animal driven. Procedure for adjustmentrefund of cash security paid by. Recommendations west bengal vat act and cst rules procedural issues 1. Download west bengal professional tax act,2003 file in pdf. Audit report under section 30e of the west bengal value added tax act,2003. We at ngen advisors, through our audit, tax and advisory services, help organizations to manage risk, improve performance and. The assam value added tax act, 2003 was amended to effect this change in the taxation rate.

In the event of your failure to comply with this notice, i shall assess under subsection. The government of gujarat had pass the gujarat value added tax act, 2003 act in 2003 and specified that the date of implementation appointed date of the. Bengal value added tax act, 2003 as unworkable, arbitrary. West bengal value added tax act, 2003 punjab value added tax act haryana value added tax act telangana vat act 2005 foreign exchange management act, 1999 reserve bank of india act, 1934 societies registration act, 1860. Form 84 of the west bengal value added tax, act, 2003. The west bengal vat act 2003 has laid down the framework for regulations across the state. Form 36 confirmation of transport to be annexed with the application for refund as referred to in clause a of section 61 of the west bengal value added tax act, 2003 see subrule 2 of rule 76.

Form 36 confirmation of transport to be annexed with the. The contribution to this fund entitles you to 100% deduction under section 80g of the income tax act. Also, some goods are zero rated under schedule aa, while many goods are taxable at 5% under schedule c. Please read these instructions carefully before preparing the.