West Bengal Finance Act, 2011

No: 7 Dated: Aug, 30 2011

THE WEST BENGAL FINANCE ACT, 2011

West Bengal Act VII of 2011

    An Act to amend the Indian Stamp Act, 1899, in its application to West Bengal, the West Bengal Entertainments And Luxuries (Hotels And Restaurants) Tax Act, 1972, the West Bengal Sales Tax Act, 1994 and the West Bengal Value Added Tax Act, 2003.

    WHEREAS it is expedient to amend the Indian Stamp Act, 1899, in its application to West Bengal, the West Bengal Entertainments And Luxuries (Hotels And Restaurants) Tax Act, 1972, the West Bengal Sales Tax Act, 1994 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-second 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, 2011.

(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 the heading "Proper Stamp-duty",—

(i) in clause (a), for the words "rupees twenty-five lakh", the words "rupees thirty lakh" shall be substituted;

(ii) in clause (b), for the words "rupees twenty-five lakh", the words "rupees thirty lakh" shall be substituted;

(iii) in clause (c), for the words "rupees twenty-five lakh", the words "rupees thirty lakh" shall be substituted;

(b) after article 23 in the first column and the entry relating thereto in the second column, the following article in the first column and entries relating thereto in the second column shall be inserted:—