amendment in bihar finance act , entry tax and vat (2014)

Tuesday 11 April 2023 For information purpose only.

PRESENTS

Amendments in Bihar

Finance Act, Entry Tax and Vat


The Bihar Finance (Amendment) Rules, 2014

(Notification No. M-4-48/2012(Part-I)-1308/F

Dated Feb,7 2014)


In exercise of the powers conferred under sub-sections

(1) and (3) of Section 80 of the Bihar Finance Act, 1981

the State Government of Bihar makes the following

Rules to amend the Bihar Finance Rules –

1. Short name, extent and commencement. –

(1) These rules may be called "The Bihar Finance

(Amendment) Rules, 2014.


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

(3) It shall come in to force at once.

2. Amendment in Rule 131B of the Bihar Finance Rules – The

existing provision of Rule 131 B of the Bihar Finance Rules

shall be numbered as sub rule (i) and there after a following

new sub rule (ii) shall be added:-


"(ii) If works are taken from any agency on Turn Key Basis,

then it shall be mandatory for the said agency to

purchase at least 15% of the raw materials of essential

quantity for the works (earmarked materials/raw materials

by the State Government/State Purchase

Organisation/Industries Department) from the industrial

units situated in the State. Accordingly, conditions will be

laid down in the tender."


3. Addition of a proviso to subrule (xii) of Rule 131R of the Bihar

Finance Rules – A following proviso shall be added after

subrule (xii) of Rule 131R of the said Rules :-


"Provided that if during the bids, industrial unit/units registered

in the state are also participating, Purchase Department shall

accord preference to such registered units in the state, who

have quoted rates more than 15% from the lowest responsive

bidder, on finding them responsive and on the condition of the

agreement, a maximum of 15% of total purchase order can be

issued on the rates quoted by the lowest responsive bidder. No

relaxation shall be given in terms of quality, specification and

the time limit for such supply."


Now there is no entry tax in

Bihar on “Paddy, Wheat, Rice,”

(Notification No. S.O. 6 Dated Jan, 22 2014)


In exercise of powers conferred by Section 3A of the Bihar Tax

on Entry of Goods into Local Areas for Consumption, Use or

Sale therein Act, 1993 (Bihar Act 16 of 1993), the Governor of

Bihar is pleased to make the following amendment to the

Schedule, as amended from time to time, appended to the

said Act, namely-


Amendment

1. The words and commas “Paddy, Wheat, Rice,” shall be deleted

from the present entries of Serial Number 25 of the Schedule,

as amended from time to time, appended to the Bihar Tax on

Entry of Goods into Local Areas for Consumption, Use or Sale

therein Act, 1993 (Bihar Act 16 of 1993).

2. This notification shall come into force with effect from the date

of its issue.


“Leaf Plates and cups” and its corresponding entries

of Schedule III of Part 1 of the Bihar Value Added Tax

Act, 2005 (Act 27 of 2005) shall be deleted

(Notification No.S.O 10 Dated Jan, 20 2014)


In exercise of powers conferred by sub-section (2) of section

14 of the Bihar Value Added Tax Act, 2005 (Act 27 of 2005),

the Governor of Bihar is pleased to make the following

amendments to Schedule III appended to the said Act, namely


Amendments

1. Serial number 73 (Leaf Plates and cups) and its

corresponding entries of Schedule III of Part 1 of the Bihar

Value Added Tax Act, 2005 (Act 27 of 2005) shall be deleted.

2. This notification shall come into force with effect from the date

of its issue.


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amendment in bihar finance act , entry tax and vat (2014)

Economy & Finance