SALIENT FEATURES OF THE CHANGES IN THE WEST …

1 SALIENT FEATURES OF THE CHANGES IN THE west bengal STATE TAX ON PROFESSIONS, TRDES, CALLINGS AND EMPLOYMENTS ACT, 1979 AS PER THE west bengal FINANCE ACT, 2014 (Ref. Notification No 11th March, 2014 read with Notification No. 848- 28th May, 2014) ---------------------------------------- ---------------------------------------- ---------------------------------------- ---------- CHANGES effective from 1-4-2014 1. Enhancement of Exemption Limit, for Salaried Persons: No Profession Tax is payable for the persons earning salary or wages up-to Rs 8500/- per month [ref. Sl No. 1 of the Schedule] 2. Enhancement of Exemption Limit, for Self-employed Persons: No Profession tax is payable for the persons being individual engaged in profession or calling, including postal agents & insurance agents, whose annual gross income is up-to Rs 60,000/- per annum [ref.]

2 Sl No. 2 of the Schedule] 3. Enhancement of Exemption Limit, for Trades, Service-providers etc: No Profession Tax is payable for the persons engaged in profession or trade involving supply of goods or services or both, having annual gross turnover or annual gross receipt up-to Rs 5,00,000/- per annum [ref. Sl No. 3 of the Schedule] 4. Selective Assessment abolished: There will be no selective assessment for registered employer [ref. Section 7A is omitted] 5. Dealers of taxable and non-taxable goods: All persons who carry on the business of selling or purchasing goods in west bengal , whether or not liable to pay tax under the WBVAT Act, 2003 or the WBST Act, 1994 or the CST Act, 1956 shall, now, pay tax on annual gross turnover or annual gross receipt in the preceding year or part there-of [ref. Sl No. 3(a) of the Schedule] 6.

3 Employers and/or Shopkeepers: Employers and/or shopkeepers as defined in the west bengal Shops and Establishments Act, 1963 shall, now, pay tax on annual gross turnover or annual gross receipt in the preceding year or part there-of [ref. Sl No. 3(b) of the Schedule] 7. Cooperative Societies: Cooperative Societies of all descriptions and other registered societies shall, now, pay tax on annual gross turnover or annual gross receipt in the preceding year or part there-of [ref. Sl No. 3(c) of the Schedule] 8. Holders of transport vehicles: Holders of permits of transports vehicles like trucks, trailers, buses, taxi, luxury taxi, three-wheeler goods vehicles, auto rickshaws are, now, pay tax on annual gross income in the preceding year or part there-of [ref. Sl No. 2(h) of the Schedule] 9. Tax rate for branches/offices: The rate of tax payable by each branch or office of a firm, company, corporation or other corporate body, any society, club or association shall be the same as that payable by that firm, company, corporation or other corporate body, any society, club or association, as the case may, in accordance with any entry of the Schedule [ref.]

4 Explanatory Note (5) of the Schedule] 10. Voluntary Enrolment: Persons who are not liable to pay Profession Tax but but willing to get enrolled, can, now, enroll voluntarily by making payment of minimum tax payable under the serial number of the Schedule they fall [ref. Explanatory Note (6) of the Schedule] Note: This is a simplified version of the CHANGES ; and, can t be used as evidence for any legal procedure; for exact legal version of the CHANGES , relevant sections (or the Schedule) of the Act are referred For any query/information, please contact: JCPT/ Kolkata North Range: 033-23340277; email: JCPT/ Kolkata South Range: 033-23340286; email: JCPT/ Kolkata East Range: 033-23340288; email: JCPT/ Kolkata west Range: 033-23340286; email: JCPT/ Kolkata Central Range: 033-23340243; email: JCPT/ west bengal Central Range: 033-2334-0477/0434 extn- 320.

5 Email: (for the districts of Nadia, Murshidabad, 24 PGS-North & 24 PGS-South) JCPT/ west bengal South Range: 033-26413973; email: (for the districts of Howrah, Hoogly, East Midnapore & west Midnapore); JCPT/ west bengal North Range: 0353-2643167; email: (for the districts of Malda, U. Dinajpur, , Darjeeling, Coochbehar & Jalpaiguri); JCPT/ west bengal west Range: 0341-2250747; email: (for the districts of Burdwan, Bankuri, Birbhum & Purulia) Public Information Officer, Profession Tax: 033-23340279; email: Address: Room No- 912, Jalsampad Bhaban (North Block), Block- DF, Sector-I, Salt Lake City, Kolkata- 900091