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40 Deferment of payment of tax in respect of new and existing industrial units

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2(1)(c) "appropriate assessing authority"

2(1)(d) "appropriate Government Treasury"

2(1)(o) "return period"

2(1)(p) "Section"

115 Period of eligibility, period of deferment of payment of tax in respect of the expanded portion of an existing industrial unit in different areas and the percentage of gross value of fixed capital assets

116 Commencement of eligible period in respect of which payment of tax may be deferred

117 Termination of eligible period in respect of which, and the period for which, payment of tax may be deferred

118 Variation of the amount of tax deferred consequent upon verification of return in respect of expanded portion of existing industrial units

119 Payment of tax due after assessment which is in excess of the amount eligible for deferment

120 Period to which deferment of assessed tax relates

121 Deferment of payment of tax during the pendency of the application for certificate of eligibility or renewal thereof

122 Payment of tax not to be deferred in the event of rejection of application for certificate of eligibility or renewal thereof

123 Deferment of payment of tax for an amount equivalent to the capital investment subsidy

124 Termination of deferment of payment of tax for contravention of provisions of the Act and the rules made thereunder

126 Payment of deferred tax even before the expiry of the period of deferment

127 Creation of loan liability of a dealer for the amount of tax deferred and agreement therefor

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Form 19 : Statement of payment of tax deferred under section 40(1)/section 40(5) and paid under section 40(7) of the West Bengal Sales Tax Act, 1994

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The West Bengal Sales Tax Rules, 1995
Chapter XI - Part III : Deferment of payment of tax in respect of sales of goods manufactured in the expanded portion of an existing industrial unit

125. Manner of, and time by which, payment of deferred tax is to be made

(1) The full amount of tax in respect of any return period payment of which is deferred under sub-section (1), or sub-section (5), of section 40 read with the rules in this Part shall be paid in accordance with the provisions of sub-section (7) of that section within fifteen days from the end of the period upto which such payment of tax has been deferred.

(2) A dealer liable to pay tax in accordance with the provisions of sub-rule (1) shall pay the full amount of such tax into the appropriate Government Treasury or the Reserve Bank of India.

(3) The dealer shall, after making payment of tax referred to in sub-rule (2), send a copy of the receipted challan showing payment of such tax to the appropriate assessing authority along with a statement in Form 19.