West Bengal -VAT

[Ganeshan Kalyani]

Dear Sir,

As per section 16(4) of West Bengal Value Added Tax Act, 2003 the levy of VAT on local sales is at option of the dealer to pay VAT either on MRP or Invoice value. Kindly put some light with reference to some citation in West Bengal.

Thanks

AI Summary

Clarification Sought on WB VAT Act 2003, Sec 16(4): Dealers Can Choose VAT on MRP or Invoice Value. A query was raised regarding the West Bengal Value Added Tax Act, 2003, specifically section 16(4), which allows dealers the option to pay VAT on either the Maximum Retail Price (MRP) or the invoice value for local sales. The query sought clarification and citations related to this provision. A response requested feedback on whether the issue had been clarified and encouraged sharing the clarification within the forum for knowledge sharing purposes.