Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: list of goods taxed at 4% :: empanelment :: VAT RATES :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: articles on VAT and GST in India :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: VAT Audit :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company
« Sales Tax »
 Six arrested for posing as Sales Tax officers, extorting money
 Insurance Agency Mergers and Acquisitions in Q1 "Explode," OPTIS Partners' Report Reveals
 Sales tax sleuths raid spare parts shops in Meerut's infamous Sotiganj market
 Income Tax: How offshore income could be taxed twice
 India finalises bills to launch new sales tax in July
 NMC to implement new tax system from Apr 1a
 13 per cent sales tax boost post demonetisationa
 Arun Jaitley May Lower Corporate And Income Tax Rates But Hike The Service Tax Rate
 Tax on high seas sales becomes dispute area
  State extends GST enrolment deadline
 State extends GST enrolment deadline

Sales tax amnesty scheme fails to find takers in Bengal
September, 15th 2012

Funds-starved West Bengal has failed to attract encouraging response to a 10-month amnesty scheme for sales tax after the lapse of more than half of its tenure. We have so far received meagre response to the schemes, K A Anwar, Joint Commissioner of Commercial Taxes of West Bengal said at an interactive session organised by Bengal National Chamber of Commerce and Industry here on Friday.


The State had introduced the scheme in the 2012-13 Budget to bring a large swathe of traders under the tax net to raise additional revenue. The State Finance Minister Amit Mitra set the schemes tenure till December 31 this year. It was meant for those dealers who have remained unregistered despite having already acquired liability to pay tax. It is an opportunity for the unregistered dealers to clear their tax liabilities by paying only two per cent of their taxable sales through the amnesty scheme under West Bengal VAT Act, 2003, Anwar added.


He urged the unregistered dealers to clear their outstanding tax by paying two per cent of their total taxable sales so far.

In his Budget speech on March 23, Mitra had said that the unregistered dealers would be given a last chance to declare their liability and seek registration on payment of only a paltry percentage of their declared taxable turnover.

No interest and penalty shall be charged for the undisclosed liability and failure of the dealer to get registered. I am hopeful that the unregistered will come forward to take this opportunity and do their business openly in a lawful manner, the Finance Minister had said.

In the quarter ended June 30 this year, the revenue-deficit State witnessed a 29 per cent year-on-year growth in commercial tax collection to Rs 4,322 crore, Anwar said. The State collected Rs 3350 crore in the corresponding period last year.

The State Budget has a total tax revenue target of Rs 31,222.25 crore for this fiscal against Rs 24,934.04 crore earned revenue in 2011-12.


Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Publishing Management System PMS News Management System Publishing Management System Development Online News Management System for media company custom Publishing management system development Survey management system Market Res

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions