BIHAR VALUE ADDED TAX Act, 2005 NOTIFICATION
-

Body NOTIFICATION NO. : S.O. 50, Dated 22nd June, 2005

In exercise of the powers conferred by sub-section (1) of section 41 of Bihar Value Added Tax Act, 2005 the Governor of Bihar is pleased to specify the rates in column-3 of the Schedule below at which the amount of sales tax is to be deducted in advance in respect of the works, contracts mentioned in column-2 of the said schedule from the bills or invoices raised by works contractors subject to the conditions and restrictions, if any, set out in column (4) thereof:-

SCHEDULE

Sl. No.	Description of Works contract	Rate at which deduction is to be made	Conditions and Restrictions.
1	2	3	4
1.	Contract in the execution of which no transfer of property in goods (whether as goods or in some other form) is involved.	Nil
2.	Contracts in the execution of which transfer of property in goods (whether as goods or in some other form) is involved.	8 percentum
3.	Where transfer of property in goods (whether as goods or in some other form) specified under section 14 fo the Central Sales Tax Act, 1956 is involved.	5 percentum
4.	Payment made as advance not forming part of the sale price payable in respect of transfer of property in goods (whether as goods or in some other form)	Nil
5.	Where transfer of property in goods (whether as goods or in some other form) specified under section 7 of the Bihar Value Added Tax Act, 2005 is involved or any transaction not liable to tax under the said Section 7.	Nil

2. This notification shall come into foce with effect from the date of its publication, in the Official Gazette.