STDS as per West bengal Sales tax, VAT + CST

[sanjay gupta]

Please   brief  STDS as per sales tax  with  an example , because i am confused about STDS

Posts / Replies

[Pradeep Khatri]

For the purpose of STDS, where transfer of property in goods (whether in goods or in some other form) is involved in execution of a works contract, deduction of Sales Tax, with effect from 01.08.2006, shall be as below : (i) two per centum, when such contractor is registered under the VAT Act and such registration is valid on the date of making such payment; or (ii) four per centum, in all other cases.

[PRANAB CHANDRA]

what is the deduction rate of wct for register dealer and non register dealer in current year?

[Pradeep Khatri]

Dear Sanjay,

Please check Section 40 the WBVAT Act read with Rules made thereunder in this regard.

Regards,

Team YAGAY and SUN

(Management and Indirect Tax Consultants)