INTERVIEW QUESTIONS TAX CUSTOM DUTY & OCTROI / ENTRY TAX DETAILS

Question: Is it true that all existing registered dealers under W.B.V.A.T. Act, 2003 or W.B.S.T. Act, 1994 will be deemed to be registered under this Act w.e.f. 01.04.2012?

Answer: Whenever a registered dealer under any of the Acts mentioned above generates a waybill in Form 50A (VAT), or applies for issue of waybill in Form 50 (manual-VAT) or Form 42 (WBST), for the first time, such dealer shall be automatically granted registration under this Act.

Thus, any registered dealers under W.B.V.A.T. Act, 2003 or W.B.S.T. Act, 1994 will be deemed to be registered under this Act from the first date he generates or applies for waybill after 01.04.2012. Dealers applying for registration after 01.04.2012 under those Acts may opt for registration under the W.B.T.E.G.L.A. Act, 2012 also. Apart from these registered dealers, other dealers who have liable to pay tax under the Act have to apply for registration.

Whenever a registered dealer under any of the Acts mentioned above generates a waybill in Form 50A (VAT), or applies for issue of waybill in Form 50 (manual-VAT) or Form 42 (WBST), for the first time, such dealer shall be automatically granted registration under this Act.

Thus, any registered dealers under W.B.V.A.T. Act, 2003 or W.B.S.T. Act, 1994 will be deemed to be registered under this Act from the first date he generates or applies for waybill after 01.04.2012. Dealers applying for registration after 01.04.2012 under those Acts may opt for registration under the W.B.T.E.G.L.A. Act, 2012 also. Apart from these registered dealers, other dealers who have liable to pay tax under the Act have to apply for registration. Source: CoolInterview.com

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