West Bengal Finance Act, 2015

No: 3 Dated: Mar, 24 2015

THE WEST BENGAL FINANCE ACT, 2015

West Bengal Act III of 2015

    An Act to amend the Indian Stamp Act, 1899, in its application to West Bengal, the Bengal Amusements Tax Act, 1922, the Bengal Electricity Duty Act, 1935, the West Bengal State Tax on Professions, Trades, Callings and Employments Act, 1979, the West Bengal Sales Tax Act, 1994, the West Bengal Sales Tax (Settlement of Dispute) Act, 1999, and the West Bengal Value Added Tax Act, 2003.

    WHEREAS it is expedient to amend the Indian Stamp Act, 1899, in its application to the State of West Bengal, the Bengal Amusements Tax Act, 1922, the Bengal Electricity Duty Act, 1935, the West Bengal State Tax on Professions, Trades, Callings and Employments Act, 1979, the West Bengal Sales Tax Act, 1994, the West Bengal Sales Tax (Settlement of Dispute) Act, 1999, and the West Bengal Value Added Tax Act, 2003, for the purposes and in the manner hereinafter appearing;

    It is hereby enacted in the Sixty-sixth 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, 2015.

(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.

2. Application and amendment of Act 2 of 1899:- (1) The Indian Stamp Act, 1899 (hereinafter referred to as the principal Act) shall, in its application to West Bengal, be amended for the purposes and in the manner hereinafter provided.

(2) In Schedule IA to the principal Act,—

(a) in article 23, in the column under heading " Proper Stamp-duty",—

(i) in clause(a), for the words "rupees thirty lakh", the words "rupees forty lakh" shall be deemed to have been substituted with effect from the 2nd day of March, 2015;

(ii) in clause (b), for the words "rupees thirty lakh", the words "rupees forty lakh" shall be deemed to have been substituted with effect from the 2nd day of March, 2015;

(iii) in clause (c), for the words "rupees thirty lakh", the words "rupees forty lakh" shall be deemed to have been substituted with effect from the 2nd day of March, 2015;

(b) in article 43, in item (a), for the entries under headings "Description of Instruments" and "Proper Stamp-duty", the following entries under headings "Description of Instruments" and "Proper Stamp-duty", shall be substituted, respectively :—