State · Bihar

Section 11 of The BIHAR VALUE ADDED TAX (AMENDMENT) ACT, 2011

Amendment to Section-56 of the Bihar Value Added Tax Act, 2005 (Act 27 of

2005).—The Explanation to section-56 of Act 27 of 2005 shall be substituted by the following, namely— “Explanation.— For the purposes of this section it shall be deemed that goods have not been properly accounted for if,—

(a)in the case of a dealer, the goods have either not been entered in the books of accounts or they have been classified in a manner which is likely to lead to evasion of tax payable under the Act; and
(b)in the case of the owner of a warehouse, or a clearing, booking or forwarding agent, or a person engaged in the business of transporting goods, the goods have not been properly entered in such registers and accounts as may be prescribed under sub-Section (2) of Section-59; and the expression “proper accounting” shall be construed accordingly.”

AI notes for this section are being prepared — this page will update on its own once they’re ready.

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