Vidhi Codex

The Bihar Taxation Law (Amendment) Act, 2020

The Bihar Taxation Law (Amendment) Act, 2020

Tax20204 sections

This Act modifies how taxes are calculated under the Bihar Value Added Tax Act. It empowers the State Government to determine tax rates based on one of three options: up to 50 percent of the goods' sale price, up to fifty rupees per litre or unit of weight and volume, or a combination of these methods. This flexibility allows the government to adjust tax levies dynamically to better match market conditions and product characteristics, offering a mechanism to optimize revenue collection and support fiscal policy in the state.

Start reading →Read full ActSections
  1. 0. Preamble
  2. 1. Short title, extent and commencement
  3. 2. Amendment of section 14 of Bihar Value Added Tax Act, 2005 (Act no. 27 of
  4. 3. Repeal and Savings

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