Amendment of section 14 of the Bihar Value Added Tax Act, 2005 (Act 27 of 2005).-

Section 14 of the Bihar Value Added Tax Act, 2005 (Act 27 of 2005) shall be substituted by the following, namely:-

“14. Rate of Tax.- Tax shall be payable on the sale price of the goods at such rate not exceeding fifty percent and subject to such conditions and restrictions, as the State Government may, by notification specify.”