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 36: Tax payable by a dealer.
    The tax payable by a dealer shall be calculated according to the following formula, namely:--
     T = A–B
     Where--
     T means the tax payable by the dealer,
     A means the output tax under this Act, and
     B means the total amount of input tax credit allowable to the dealer under section 16 or section 17.
    
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