In exercise of the powers conferred under the proviso to sub-section (1) of section 10 of the Bihar Goods and Services Tax Act, 2017 (Bihar Act 12 of 2017) (hereinafter referred to as the said Act), the Governor of Bihar, on the recommendations of the Council, is pleased to specify that an eligible registered person, whose aggregate turnover in the preceding financial year did not exceed One Crore rupees, may opt to pay, in lieu of the State tax payable by him, an amount of tax calculated at the rate specified in rule 7 of the Bihar Goods and Services Tax Rules, 2017:
Provided that the registered person shall not be eligible to opt for composition levy under sub-section (1) of section 10 of the said Act if such person is a manufacturer of the goods, the description of which is specified in column (3) of the Table below and falling under the tariff item, sub-heading, heading or Chapter, as the case may be, as specified in the corresponding entry in column (2) of the said Table:-
Table
Explanation. -
(1) In this Table, "tariff item" "sub-heading" "heading" and "chapter" shall mean respectively a tariff item, sub-heading, heading and chapter as specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975).
(2) The rules for the interpretation of the First Schedule to the said Customs Tariff Act, 1975 (51 of 1975), including the Section and Chapter Notes and the General Explanatory Notes of the First Schedule shall, so far as may be, apply to the interpretation of this notification.
2. This notification shall come into force with effect from the 1st day of July, 2017.
By the order of Governor of Bihar,
SUJATA CHATURVEDI,
Commissioner-cum-Principal Secretary
Commercial Taxes Department.