Section 5
Liability to pay purchase tax on certain purchases.
The Bihar Value Added Tax Act, 2005
About this Act
An Act to consolidate and amend the law relating to levy of tax on sales or purchases of goods in the State of Bihar and to provide for matters connected therewith or incidental thereto.
Where a dealer purchases any taxable goods
from any person within the State of Bihar, and such person is not a registered dealer and the said goods are
used as capital assets anytime after such purchase, there shall be levied, a tax on the purchase price of such
purchases at the rate at which tax on sales is leviable on the said goods.