The Bihar Value Added Tax Act, 2016

The Bihar Value Added Tax Act, 2016

This law amends the Bihar Value Added Tax Act of 2005 to update tax rules. It increases the tax rate on certain goods from twenty percent to thirty percent and raises another rate from thirteen and a half percent to fourteen and a half percent. Additionally, it shortens the time allowed for certain actions from ninety days to sixty days. The legislation also repeals a previous ordinance and ensures that actions taken under the old rules are still valid under this new act. This change helps the state government adjust its revenue collection and compliance procedures.

PDF: pending for this language.