Bihar Value Added Tax Rules, 2005 FORMS
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FORM TAR-V

Form of Trading and Profit & Loss Account under Section 52 of the Bihar Value Added Tax Act, 2005 for dealers paying tax under Section 15

[See rule 33(6)]

Name & Style of Business

.........................................................................................................................................

Trading and Profit & Loss Account 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 Stock
	(b) Add: Purchases (net of returns)
	(d) Less: Closing Stock
	(e) Add: Other direct expenses, if any
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

Place ............................................	Signature of person signing Annual Return ...................................
Place ............................................	Status in relation to the Dealer ............................................