The Bihar Value Added Tax (Amendment) Ordinance, 2008

[Bihar Ordinance no. 1 of 2008]

(Dated : 4th June, 2008)

Preamble.-

An Ordinance to amend the Bihar Value Added Tax Act, 2005 to do away with the provision of minimum rate of tax on petroleum products.

Whereas, the Legislature of the State of Bihar is not in session;

And, whereas, the Governor of Bihar is satisfied that the circumstances exist which render it necessary to take immediate action to amend the Bihar Value Added Tax Act, 2005 (Act 27, 2005) in the said manner;

Now, Therefore, in exercise of the powers conferred by clause (1) of Article 213 of the Constitution of India the Governor of Bihar is pleased to promulgate the following ordinance :-

1. Short title, extent and commencement.-

(1) This Ordinance may be called the Bihar Value Added Tax (Amendment) Ordinance, 2008.

(2) It shall extend to the whole of the State of Bihar.

(3) It shall come into force at once.

2. Amendment of Section 14 of Bihar Value Added Tax Act, 2005 (Act 27 of 2005).-

(1) Sub-section (1) (c) of section 14 of Act, 27 of 2005 shall be substituted in the following way, namely-

"The goods specified in the Schedule IV, at the rate not exceeding fifty per cent and subject to such conditions and restrictions, as the State Government may, by notification specify."