Amendment of section 14 of Bihar Value Added Tax Act, 2005 (Act no. 27 of

2005).- Section 14 of the Bihar Value Added Tax Act shall be substituted by the following, namely:-

“14. The tax payable under the Act shall be calculated on the basis of-

िबहार गजट (असाधारण), 10 vxLr 2020 3

1. (a) The sale price of the goods at such rate not exceeding fifty percent; or
2. (b) The weight or volume of the goods at such rate not exceeding fifty rupees per litre; or
3. (c) Any combination of clauses (a) or (b), as the State Government may, by notification, specify and subject to such conditions and restrictions as may be specified in the said notification.”