Act Number: 27

Act Name: The Bihar Value Added Tax Act, 2005

Year: 2005

Enactment Date: 2005-06-23

Long Title: 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.

Ministry: Ministry of Home Affairs

Department: Department of States

Section 5: Liability to pay purchase tax on certain purchases.
    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.
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