Site icon Antworks Money – The Blog on Personal Finance | Guide to Loans, Credit Cards, Insurance and Investments

West Bengal VAT

The West Bengal VAT Act 2003 has laid down the framework for regulations across the state. No tax is payable on the following goods under Schedule A while some goods are zero-rated under Schedule AA. Several goods are taxable at 5% under Schedule C.

West Bengal VAT Rates:

No tax is payable on the following goods under Schedule A

The following list of goods are zero-rated under Schedule AA

The following list of goods are taxable at 1% under Schedule B

The following list of goods are taxable at 5% under Schedule C

The following items (IT products) at 5%

The following industrial inputs at 5%

Goods not specified in Schedule A, Schedule B and Schedule C are taxable at 14.5%. Items such as Tobacco, pan masala, television, mobile phone are taxable at a rate not above 35% of turnover under Schedule D.

West Bengal VAT (Commercial TAX) Registration:

West Bengal VAT (Commercial Tax) Registration forms are available online. The registration forms which can be easily downloaded from the official website have to be duly filled-in before submission. Various pertinent details including address and PAN details among others should be provided in addition to submission of important documents such as trade licenses, legal occupancy of business/factory and partnership deed among many others.

West Bengal VAT Forms:

These forms can be downloaded from Government of West Bengal website.

West Bengal VAT Return e-filing and Payment:

E-Filing of VAT returns can be done by logging into the official portal of the Directorate of Official Taxes, Government of West Bengal. Forms such as 14, 14D, 15 and 15R can be downloaded, following which, return data can be entered (JAR version). XML files can be uploaded. An acknowledgment receipt can also be printed. There are various user manuals available at the website to facilitate easy access.

@antworksmoney

Exit mobile version