The following Act of the West Bengal Legislature, having been assented to by the Governor, is hereby published for general information:-

EXTRACT OF THE WEST BENGAL FINANCE ACT, 2016.

West Bengal Act VI of 2016

[Passed by the West Bengal Legislature.]

[Assent of the Governor was first published in the Kolkata Gazette, Extraordinary, of the 28th July, 2016.]

An Act to amend the West Bengal State Tax on Professions, Trades, Callings and Employments Act, 1979, the Indian Stamp Act, 1899, in its application to West Bengal, the West Bengal Sales Tax Act, 1994, and the West Bengal Value Added Tax Act, 2003.

Whereas it is expedient to amend the West Bengal State Tax on Professions, Trades, Callings and Employments Act, 1979 (West Ben. Act VI of 1979), the Indian Stamp Act, 1899 (2 of 1899), in its application to the State of West Bengal, the West Bengal Sales Tax Act, 1994 (West Ben. Act XLIX of 1994.), and the West Bengal Value Added Tax Act, 2003 (West Ben. Act XXXVII of 2003.), for the purposes and in the manner hereinafter appearing;

It is hereby enacted in the Sixty-seventh Year of the Republic of India, by the Legislature of West Bengal, as follows:-

1. Short title and commencement.

(1) This Act may be called the West Bengal Finance Act, 2016.

(2) Save as otherwise provided, it shall come into force on such date, or shall be deemed to have come into force on such date as the State Government may, by notification in the Official Gazette, appoint, and different dates may be appointed for different provisions of this Act.

4. Amendment of West Ben, Act XLIX of 1994.

In the West Bengal Sales Tax Act, 1994, after section 57, the following section shall be inserted:-

"57A. Quantification of admitted amount of tax, interest or penalty from a dealer

When a dealer furnishes a return under section 30 indicating therein, or otherwise admits in writing, his liability to pay any tax, interest, or penalty in respect of a certain period, then, notwithstanding anything contained elsewhere in this Act, such amount of tax, interest or penalty shall be deemed to have been quantified on the date of filing of such return or making such admission, as the case may be, and all the provisions of section 52, section 53, section 54, section 55, section 56, and section 57, shall, mutatis mutandis, be applicable in respect of such quantified tax, interest or penalty.".

By order of the Governor,

MADHUMATI MITRA,

Secy, to the Govt. of West Bengal,

Law Department.