BIHAR VALUE ADDED TAX ORDINANCE 2016

[Bihar Ordinance No. 1, 2016]

AN

ORDINANCE

TO AMEND THE BIHAR VALUE ADDED TAX ACT, 2005 (ACT 27, 2005)

Preamble - 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 for him to take immediate action to amend the Bihar Value Added Tax Act, 2005 (ACT 27, 2005),in the manner hereinafter appearing.

NOW, THEREFORE, in exercise of the power 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 Ordinance, 2016

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

(3) It shall come into force at once.

2. Amendment of section-3A of Act 27, 2005-

The words "twenty percentum" used in sub-section (1) of section-3A of the said Act, 2005 shall be substituted by the words "thirty percentum."

3. Amendment of section-14 of Act 27, 2005-

The words "thirteen and a-half percent" used in clause (d) of sub-section (1) of section-14 of the said Act, 2005 shall be substituted by the words "fourteen and a-half percent."

4. Amendment of section-70 of Act 27, 2005-

The words "ninety days" used anywhere in section-70 of the said Act, 2005 shall be substituted by the words "sixty days."