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BIHAR VALUE ADDED TAX Act, 2005 NOTIFICATION
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Bihar Ordinance No.01, 2020

THE BIHAR TAXATION LAW (AMENDMENT) ORDINANCE, 2020

An Ordinance to further amend the Bihar Value Added Tax Act, 2005.(Act No.27 of 2005)

WHEREAS, in view of the rapidly fluctuating prices of petroleum crude oil in the international market in view of the of the spread of pandemic COVID-19 across many countries of the world including India causing loss of VAT revenue from petrol and diesel, it has become imperative to amend the Bihar Value Added Tax Act, 2005 ( Act No. 27 of 2005) to provide a mechanism for levying VAT on petrol and diesel on the basis of quantity, volume or price;

AND, WHEREAS, the Bihar Legislature is not in session and the Governor is satisfied that circumstances exist which render it necessary for him to take immediate action;

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 Taxation Law (Amendment) Ordinance, 2020.

(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 No. 27 of2005).-

Section-14 of the Bihar Value Added Tax Act shall be substituted by the following, namely :-

"14. The tax payable under the Act shall be calculated on the basis of-

    (a) The sale price of the goods at such rate not exceeding fifty percent; or

    (b) The weight or volume of the goods at such rate not exceeding fifty rupees per litre; or

    (c) Any combination of clause (a) or (b)

as the State Government may, by notification, specify and subject to such conditions and restrictions as may be specified in the said notification.

Patna: Phagu Chauhan
Dated: 11th May 2020 Governor of Bihar.