EXTRACT OF BIHAR FINANCE ACT, 2011

BIHAR ACT 3, OF 2011

AN

ACT

PREAMBLE :

TO AMEND THE BIHAR VALUE ADDED TAX ACT, 2005 (ACT, 27 2005), BIHAR TAXATION ON LUXURIES IN HOTELS ACT, 1988 (Bihar ACT 5, 1988) AND BIHAR MOTOR VEHICHLE TAXATION ACT 1994 (Bihar ACT 8, 1994)

Be it enacted by the Legislature of the State of Bihar in the sixty-second year of the Republic of India as follows:-

1. Short title, extent and commencement.-

(1) This Act may be called the Bihar Finance Act 2011.

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

(3) It shall come into force at once.

Part I

Amendment in the Bihar Value Added Tax Act, 2005 (Act 27 of 2005).

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

(1) Clause (b) of sub-Section (1) of Section 14 of the Bihar Value Added Tax Act, 2005 (hereinafter referred to as "Act 27 of 2005") shall be substituted by the following namely:-

"(b) the goods specified in the Schedule III, at the rate of five percent;"

(2) After Clause (b) of sub-section (1) of Section 14 of Act 27 of 2005, a new clause (bb) shall be inserted in the following way, namely:-

"(bb) the goods specified in the Schedule IIIA, at the rate of four percent;"

(3) After Schedule III of Act 27 of 2005, a new Schedule IIIA shall be inserted in the following, namely:-

"Schedule- IIIA

(See Section 14)

(4) In Schedule III of Act 27 of 2005, Serial Number 55 and its corresponding entry shall be deleted.

3. Amendment in Section 14 of the Bihar Value Added Tax Act, 2005 (Act 27 of 2005).- Clause (d) of sub-Section (1) of Section 14 of the Bihar Value Added Tax Act, 2005 shall be substituted by the following way, namely:-

" (d) any other goods, not specified in the Schedules I, II, III, IIIA and IV, at the rate of thirteen and a- half percent."

By order of the Governor of Bihar,

RAJENDRA KUMAR MISHRA,

Secretary to Government.