The Bihar Finance Act, 2015
The Bihar Finance Act, 2015
Tax201515 sections
This legislation governs how the Bihar government allocates its "ordinary" budget funds, specifically distinguishing between development and non-development grants as defined by the 2005 legislation. It empowers the state to levy and use various fiscal duties, tolls, and fees to finance essential services and aid schemes. The act provides the legal framework for appropriation under the Financial Code, ensuring government spending aligns with specific revenue sources and development goals. It matters because it constitutionally authorizes the state to manage its finances and service delivery without seeking central permission for ordinary annual budget categories.
- 0. Preamble
- 1. Short title, extent and commencement
- 2. Substitution of sub Section (u) of Section 2 of the Bihar Value Added Tax
- 3. Amendment in Sub-Section (1) of Section 62 of the Bihar Value Added Tax
- 4. Insertion of a new section 46A in the Bihar Value Added Tax Act, 2005 (Act
- 5. Amendment in section 11 of the Bihar value Added Tax Act, 2005 (Act 27 of
- 6. Act, 2005 (Act 27 of 2005), the words and figures “or section 46A” shall be added.
- 7. Value Added Tax Act, 2005 (Act 27 of 2005), the words and figures “or section 46A” shall be added.
- 8. Part-2 Amendment in the Bihar tax on Entry of Goods into Local Areas for Consumption, Use or Sale Therein Act, 1993 (Bihar Act 16 of 1993).
- 9. Added Tax Act, 2005”.
- 10. Substitution of section 3A of the Bihar tax on Entry of Goods into Local
- 11. Insertion of a new Section 3AA in the Bihar Tax on Entry of Goods into
- 12. Amendment in Section 7 of the Bihar tax on Entry of Goods into Local
- 13. Therein Act, 1993 (Bihar Act 16 of 1993) shall be substituted by the words and figures “the Bihar Value Added Tax Act, 2005 (Act 27 of 2005)”.
- 14. Amendment in section 4 of The Bihar Finance act 2014 (Bihar Act 15,2014)
PDF: pending for this language.