(1) The tax payable by a dealer, who is liable to pay tax under section 15, shall be levied at the rate of ten per centum of that part of his contractual transfer price of goods during any period which remains after deducting therefrom his contractual transfer price during that period on—
(a) contractual transfer of goods referred to in section 14 of the Central Sales Tax Act, 1956, on a prior sale whereof in West Bengal due tax under this Act is shown to the satisfaction of the Commissioner to have been paid;
(b) contractual transfer of goods, sales of which are declared tax-free under section 24;
Levy and rate of tax on works contract.
475 The West Bengal Sales Tax Act, 1994.
[West Ben. Act (Chapter III—Incidence and levy of tax and rate of tax.—Section 22.)
(c) such other contractual transfers as may be prescribed:
Provided that the tax payable by a dealer shall be levied at the rate of four per centum of such part of the contractual transfer price liable to tax under this section as represents contractual transfer of—
(i) goods referred to in section 14 of the Central Sales 74 of 1956.
Tax Act, 1956, other than those specified in clause (a), or
(ii) any goods, other than those specified in clause (i), the purchase whereof has been made in West Bengal from a registered dealer and a certificate in the prescribed form containing prescribed particulars is furnished by the dealer executing the works contract after having such certificate countersined by such registered dealer from whom such goods are purchased.
(2) Where a dealer enters into a contract with, and engages, another dealer for execution of a works contract, whether in part or in full, the contractual transfer price relating to the execution of such works contract executed by that other dealer shall, subject to the production of the proof of payment of tax by that other dealer, be deducted from the contractual transfer price of the dealer who engages the other dealer for execution of the works contract.
Levy and rate of turnover tax.