The Bihar Finance Act, 2014

1. (1) This Act may be called the Bihar Finance Act, 2014.
2. (2) It shall extend to the whole of the State of Bihar.
3. (3) It shall come in to force at once.

The following proviso shall be added to sub section (7) of section 5 of the said Act, 1994:- " Provided that if a three wheeler/taxi/motor cab/maxi cab is registered in the name of female as a commercial vehicle and she does not have tax-exemption due to want of valid professional driving licence and has paid full tax, in such case, the said female, after getting proper valid professional driving licence, is entitled to get refund at the rate specified under schedule-1 Part-B of the B.M.V. Taxation Act, 1994 on producing the licence and certificate of this intent."

Sub section (8) of section 7 of the said Act shall be substituted by the following :- "(8) One time tax for the life time of the vehicle shall be levied on tractor at the rate of 4.5% of the cost of the tractor excluding Value Added Tax. Provided that no road tax shall be levied at the time of registration of trailer of the tractor."

Serial no.-3(a)(ii) of Part-C of schedule-1 of the said 1994 Shall be substituted by the following: - "(ii) One time tax @ 7% of the vehicle cost, excluding VAT, shall be levied at the time of registration for a period of 15 years for taxi/maxi cab/motor cab. Provided that one time tax payable by such vehicle shall be calculated after deducting the tax amount as per schedule-1 which is already paid."

Serial no. 4 of part-C of schedule-1 of the said Act, 1994 shall be substituted by the following :-

| | | | | | | | :--- | :--- | :--- | :--- | :--- | :--- | | 1. | Transport vehicles other than goods carriages, motor cabs and maxi cabs excluding of the driver and conductor. | Annual Rate of Tax (Ordinary Bus) | Annual Rate of Tax (Semi Deluxe) | Annual Rate of Tax (Deluxe) | Annual Rate of Tax (Volvo, Mercedes & Equivalent ) | |

1. (a) | Seating capacity not less than 13 persons and not more than 26 persons. | Rs. 500 per seat. | Rs. 625 per seat. | Rs. 735 per seat. | - | |
2. (b) | Seating capacity not less than 27 persons and not more than 32 persons | Rs. 550 per seat. | Rs. 700 per seat. | Rs. 810 per seat. | - | |
3. (c) | Seating capacity 33 persons or more. | Rs. 650 per seat. | Rs. 820 per seat. | Rs. 975 per seat. | - | |
4. (d) | Volvo, Mercedez and equivalent buses | - | - | - | Rs. 1250 | 1. One sleeper seat in a Bus shall be calculated as