Archive for April, 2012

Amendments to the Equity Listing Agreement – Formats for Disclosure of Financial Results

Apr-26th-2012

CIRCULAR CIR/CFD/DIL/4/2012 April 16, 2012   To All Stock Exchanges Dear Sir/Madam,   Sub: Amendments to the Equity Listing Agreement – Formats for Disclosure of Financial Results   Ministry of Corporate Affairs vide Notification dated February 28, 2011 has revised the format for disclosure of Balance Sheet under Schedule VI of the Companies Act, 1956. [...]

WB Sales Tax: Submission of revised statement against sale purchase mismatch in VAT return and Issuance of pending central forms(C and F forms) after the expiry of the date of submission of revised CST return.

Apr-24th-2012

TRADE CIRCULAR N0 : 05/2012 Dated 12.04.2012 Reg: Submission of revised statement against sale purchase mismatch in VAT return and Issuance of pending central forms(C and F forms) after the expiry of the date of submission of revised CST return. In the earlier circular (2/2012dated 4.1.2012) regarding the issuance of pending Central declaration Forms, it [...]

Salary & wage earner earing monthly salary or wage upto 5000/- per month are not liable to P.Tax in West Bengal w.e.f. 01.04.2012

Apr-24th-2012

Circular No-1 (P.Tax) /2012 Dated-19-04.2012. Subject: Further exemption from payment of Profession Tax. In term of notification No- 458L dt. 31/03/2012, am amendment has been brought in in the Schedule amended to the West Bengal State Tax on Professions, Trade, Callings and Employments Act,1979 allowing further exemption from payment of profession tax to the category [...]

Changes in Rates of WB-VAT w.e.f. 01-04-2012

Apr-24th-2012

Following changes have come into effect from 01/04/2012 in the rate of tax applicable on sale of the items noted below :-   Item Existing rate Changed rate   Balloon 13.5%  0% Kite stick 13.5%  4% Paneer 13.5%  4% Wooden boxes  13.5%  4% Air Conditioner with capacity above one ton. 13.5% 14.5% Motor car, price [...]

SALIENT FEATURES OF THE WEST BENGAL TAX ON ENTRY OF GOODS INTO LOCAL AREAS ACT, 2012 WHICH IS OPERATIVE W.E.F. 01/04/2012

Apr-24th-2012

SALIENT FEATURES OF THE WEST BENGAL TAX ON ENTRY OF GOODS INTO LOCAL AREAS ACT, 2012 WHICH IS OPERATIVE W.E.F. 01/04/2012 1. The tax rate shall be uniform – ONE per cent on value of goods. 2. No collection of any tax at any checkpost. 3. No question of vehicles being detained anywhere within the [...]