section 5
Liability to pay purchase tax on certain purchases.
The Bihar Value Added Tax Act, 2005Tax2005100 sections15 chapters
Chapter II INCIDENCE OF TAX
Statutory text
Where a dealer purchases any taxable goods from any person within the State of Bihar, and such person is not a registered dealer and the said goods are used as capital assets anytime after such purchase, there shall be levied, a tax on the purchase price of such purchases at the rate at which tax on sales is leviable on the said goods.
Study data processing for this section.
PDF: pending for this language.