Bihar Value Added Tax Rules, 2005 FORMS
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Form TAR-II

Form of Audited Income Statement under section 52 of the

Bihar Value Added Tax Act, 2005 for dealers who are not manufacturers

[See rule 33(5)(ii)]

Name & Style of Business ................................................................................................................................

TIN : . ................................................................................................................................

Income Statement for the year ended ...

		Previous Year	Current Year
1.	(a) Gross sales within the state
	(b) Gross inter-state sales
	(c) Exports
	Total Gross Sales [(a)+(b)+(c)]
	(p) Goods returned from sales within the state
	(q) Goods returned from inter-state sales
2.	Net Sales = [(1)-(p)-(q)]
3.	Cost of Sales:
	(a) Opening Stocks
	(b) Add: Purchases (imported and net of returns*)
	(c) Add: Purchases (indigenous* and net of returns*)
	(d) Less: Closing Stock
	(e) Add: Other direct expenses, if any
	(b) Add: Purchases (imported and net of returns*)
4.	Gross Profit = [2 - 3]
5.	Depreciation
6.	Interest and other financial charges
7.	Selling and general/administration charges
8.	Operating Profits = [4 - (5+6+7)]
9.	Other Income
10.	Other Expenses
11.	Profit & Loss before Tax = [8+9+10]
12.	Provision for Taxation
13.	Net Profit
14.	Provision for Dividend
15.	Retained Earnings

Date .......................	................................................... Signature of Person signing Annual Return	............................................... Signature of Auditor
Place.......................	................................................... Status in relation to dealer	............................................... Status

		Office Seal