Editor : Martin Simamora, S.IP |Martin Simamora Press

Rabu, 27 Juli 2011

Bengal offers e-governance scheme for SME units

The West Bengal Government on Monday announced an e-governance scheme to help the small and medium enterprises sector of the State to file e-return of sales tax and also enable online refund of value added tax (VAT) through the electronic clearing schemes.
The five schemes introduced include the e-registration for VAT and dematerialisation of registration certificates, filing of sales tax e-returns, e-payment under the industrial promotion assistance scheme, e-VAT refund and payment through ECS and e-submission of option under Composition Scheme in Form 16.

The State Finance Minister, Mr Amit Mitra, said that the initiatives would not just cut down on the harassment faced by small and medium traders; it is also expected to reduce corruption in the Finance Department.

“We expect an increase in tax buoyancy as well as improved compliance by the people,” Mr Mitra said.

thehindubusinessline.com

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