BIHAR VALUE ADDED TAX Act, 2005 NOTIFICATION
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Body Notification No. S.O. 12 Dated 13th January, 2016

In exercise of the powers conferred by sub-section (1) of Section 93 of the Bihar Value Added Tax Act, 2005 (Act No. 27 of 2005) the Governor of Bihar is pleased to make the following amendments in Bihar Value Added Tax Rules, 2005-

Amendments

1. Amendment in rule 14 of the Bihar Value Added Tax Rules, 2005-

Clause (b) of sub-rule (2) of Rule 14 of the Bihar Value Added Tax Rules, 2005 shall be substituted by the following, namely-

(b) The value of stock transfers outside the State, which shall be the amount arrived at after applying the following Formula-

R₂ = [B x I / P]

Where,

R₂=	The reverse credit on account of stock transfers outside the state;
B =	The total value of stock transfers outside the state.
I =	The input tax paid by the dealer on purchase of inputs, other than those specified in Schedule I, during the month; and
P =	The value of goods, other than goods specified in Schedule I of the Act, purchased during the month from within the State.

2. Amendment in rule 17 of the Bihar Value Added Tax Rules, 2005-

Rule 17 of the Bihar Value Added Tax Rules, 2005 and its corresponding entries shall be deleted.

By order of the Governer of Bihar,

SUJATA CHATURVEDI,

Commissioner-cum-Principal Secretary,

Commercial Taxes Department.