Vidhi Codex

Bare Act

The Bihar Value Added Tax (Amendment) Act, 2012

Tax20121 sections
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1. Short Title, Extent and Commencement

Statutory text
  1. (1) This Act may be called the Bihar Value Added Tax (Amendment) Act, 2012.
  2. (2) It shall extend to the whole of the State of Bihar.
  3. (3) It shall come into force at once. 2. Amendment of Section-16 of the Bihar Value Added Tax, 2005 (Act 27 of 2005)
  4. (1) The first proviso to sub-section (1) of Section-16 of the Bihar Value Added Tax, 2005 (Act 27 of 2005) shall be substituted by the following, namely:- " Provided that if the claim for input tax credit under clause (a) or clause (b) or clause (c) or clause (d) or clause (e) for any month exceeds the output tax for the same month, such excess shall be carried forward for adjustment against the output tax of subsequent months:
  5. (2) After the first proviso to sub-section (1) of Section-16 of the Bihar Value Added Tax, 2005 (Act 27 of 2005), the following two new provisos shall be inserted, namely:- " Provided further that no excess of input tax credit, as aforesaid, shall be carried forward for adjustment against the output tax

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