The West Bengal Finance Act, 2005
west-bengal · 2005
The scanned source for this Act is imperfect — headings or section boundaries may be off. Verify against the official source.
- S. 1All other goods not specified in Schedule A, Schedule B, Schedule C or Schedule D
- S. 2Section reduces electricity duty and educational fees percentages in various West Bengal acts.
- S. 3Crude oil
- S. 4By a dealer, to a dealer located in a Special Economic Zone (SEZ)
- S. 5Section 5 amends the West Bengal State Tax Act to impose interest on unpaid taxes for those failing to obtain a certificate of enrolment.
- S. 6Office equipments
- S. 7Modifies West Bengal Sales Tax Act to extend the time limit for a specific provision from two years to two years and one month.
- S. 8Section amends the West Bengal State Tax on Consumption or Use of Goods Act, 2001 to include rates from the West Bengal Value Added Tax Act, 2003.
- S. 9Section 9 amends the West Bengal Value Added Tax Act, 2003, to define "appropriate Government Treasury" and "Capital goods" for tax purposes.
- S. 9BBasic chromium sulphate, sodium bi-carbonate and Bleach liquid
- S. 10Section 10 of the West Bengal Finance Act, 2005, imposes additional sales tax on certain dealers based on their previous tax liabilities and turnover.
- S. 11Taxable goods purchased for use in business other than that as defined in sub-clause (a) of clause (5) of section 2
- S. 12(1) Every dealer liable to pay tax under on purchase
- S. 14Section 14 deems transfers of property in goods involved in works contracts in West Bengal as sales, imposing additional tax on dealers liable under the West Bengal Sales Tax Act, 1994.
- S. 16ASection 16A of the West Bengal Finance Act, 2005, specifies tax deductions for casual dealers on sales of goods exempt from tax or traded interstate.
- S. 17ASection 17A of the West Bengal Finance Act, 2005 adjusts tax rates for casual dealers based on purchases and introduces a new levy on contractual transfer prices.
- S. 18Section 18 of the West Bengal Finance Act, 2005 levies tax on dealers' contractual transfer prices for goods in works contracts at specified rates.
- S. 19BCaustic soda, caustic potash and soda ash
- S. 22Section 22 allows registered dealers to claim input tax credit or rebate, but denies it for fraudulent tax invoice issuance.
- S. 22BCoal tar
- S. 22CCoffee beans, cocoa pod, and chicory
- S. 23Section 23 mandates dealers liable for tax to register within 30 days or cease business unless awaiting registration.
- S. 23BSection 23B defines the materials used to make mat locally known as madur in West Bengal.
- S. 23CSection 23C replaces certain traditional materials with common agricultural products in West Bengal Finance Act, 2005.
- S. 25Section requires transporters in West Bengal to obtain a certificate of enrolment from the Commissioner for transporting goods.
- S. 26Section 26 allows the Commissioner to demand security from dealers or transporters for prescribed reasons.
- S. 27Section 27 allows amendments to registration certificates and requires dealers to inform authorities of business changes.
- S. 27A(a) PART III] THE KOLKATA GAZETTE, EXTRAORDINARY, MARCH 31, 2005 29 The West Bengal Finance Act, 2005
- S. 27BWhere the ownership of the business of dealer
- S. 27DSection 27D allows the Commissioner to impose a penalty of up to five thousand rupees on a dealer after a hearing.
- S. 27ESection 27E penalizes dealers for not providing required information within prescribed time limits under the West Bengal Finance Act, 2005.
- S. 30Section 30 allows a registered dealer to cancel registration if dealing exclusively in tax-free goods, but remains liable for tax on taxable goods post-cancellation.
- S. 30BButadine
- S. 30CSection 30C imposes penalties on dealers for failing to provide correct information or for incorrect transfers of goods in West Bengal.
- S. 30ESection 30E mandates registered and casual dealers to submit and verify tax-related statements and accounts to the prescribed authority.
- S. 31Section 31 mandates payment of various taxes, interest, penalties, and other dues into the appropriate Government Treasury as prescribed.
- S. 32BSection 32B adds specific types of flour-based foods and Indian sugar to the list of exempted goods.
- S. 35BSeeds of all varieties other than those specified elsewhere in any other Schedule
- S. 37Section 37 of the West Bengal Finance Act, 2005 rounds off net tax amounts for interest calculations and amends related sections.
- S. 37BTobacco, as referred to in the First Schedule to the Central i of 1944
- S. 41Section 41 mandates scrutiny of tax returns to verify correct tax calculations and requires dealers to rectify errors or pay deficits within specified timelines.
- S. 43(1) Notwithstanding anything contained in accounts
- S. 44ASection 44A mandates scrutiny of tax statements by the Commissioner, requiring correction of tax deficits and allowing extensions for audit completion.
- S. 44BLime, limestone, clinker and dolomite
- S. 44CLinear alkyl benzene
- S. 45Section 45 allows the Commissioner to make a provisional assessment if a dealer fails to submit returns or pay taxes on time.
- S. 46BMixed PVC stabiliser
- S. 53Section 53 ensures joint and several liability for taxes, penalties, or interest for dissolved Hindu Undivided Families, firms, or associations.
- S. 54BSection 54B of the West Bengal Finance Act, 2005 provides exemptions for machinery used in various industries.
- S. 55BPoppy seeds
- S. 55CPre-used motor car
- S. 58BProcessed or preserved vegetables and fruits
- S. 63Section 63 mandates dealers to maintain detailed accounts of goods transactions and tax credits, and to keep these records accessible for inspection.
- S. 64Section 64 mandates registered dealers to issue tax invoices for goods sold, while others must issue invoices or cash memos, keeping signed and dated copies.
- S. 65Section 65 imposes penalties for non-compliance with tax invoice issuance requirements under the West Bengal Finance Act, 2005.
- S. 66Section 66 authorizes officials to inspect and request documents, records, and information from dealers for compliance checks.
- S. 66ASection 66A authorizes officials to request information and documents from various entities for proceedings under the West Bengal Finance Act, 2005.
- S. 67Section 67 authorizes officials to seize records and documents from suspected tax evaders for examination or prosecution, with a one-year retention limit.
- S. 68Section 68 authorizes officials to enter, search, and break open any place or item to inspect business records and goods.
- S. 69Section 69 authorizes officials to seal premises where they suspect goods or business records are kept.
- S. 71Section 71 allows the Commissioner to search and seize transporter accounts and documents if tax evasion is suspected.
- S. 72Section 72 allows the Commissioner to temporarily halt transport of goods if the consignor is deemed non-existent, pending verification.
- S. 78Section 78 imposes penalties for transporters or carriers violating seizure provisions by delivering or disposing of seized goods without Commissioner's permission.
- S. 79Section 79 imposes a penalty of up to 25% of the market value of goods for violating transportation restrictions when goods are not available for seizure.
- S. 91Zipper or zip fasteners
- S. 100Section 100 requires organizers of exhibitions-cum-sales to obtain permits to prevent tax evasion, with Section 101 detailing penalties for non-compliance.
- S. 101Section 101 imposes penalties up to 50,000 rupees for organizing exhibitions without permits in West Bengal.
- S. 102Section 102 allows the Commissioner to determine disputed tax questions on application, except in court or tribunal proceedings.
- S. 116Section 116 allows the Commissioner to defer, exempt, or remit output tax for certain registered dealers under prescribed conditions.
- S. 138B3901
- S. 1935Amendment of West Ben