Commercial Tax Department – Government of Bihar has issued Notification No. 794 to amend the clause (b) of sub-rule (2) of Rule 19 of the Bihar Value Added Tax Rules, 2005 and has notified that for the period commencing from the 1st day of April, 2017 and terminating on the 30th day of June, 2017, the quarterly return in Form RT III or, as the case may be, the revised return furnished by a dealer in respect of the said period shall, be deemed to be the Annual Return for the Financial Year 2017-18 if the said dealer furnishes the following information to the prescribed authority on or before the 30th day of March, 2019.
| Particulars | Goods notified u/s 15(5) |
Schedule IV goods (other than all kinds of liquor) |
Schedule I goods |
Other taxable goods | Total | |||
| 1% | 6% | 5% | 15% | |||||
| Value of opening stock as on 01.04.2017 |
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| Value of closing stock as on 30.06.2017 |
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The provisions stated above shall not apply to any person who is engaged in the sale of motor spirit (commonly known as petrol), high speed diesel, natural gas, aviation turbine fuel and petroleum crude.
Source : Commercial Tax Department- Government of Bihar
