10A.
Manner of adjustment of Tax in certain cases.- Where
by a notification published under clause (a) of sub-section
(2) of section 13 the State Government specifies that tax
shall be levied at more than one point or on every point of
sale of any goods, the amount of tax to be adjusted at the
point of sale shall be the amount arrived at after applying
the following formula:
TA = (R) x (OS + PC — CS)
Where,
TA |
= |
The amount of tax to be adjusted by the selling dealer. |
R |
= |
The rate of tax applicable to the goods sold. |
OS |
= |
The value of opening stock of goods, at the beginning
of the first day of the month, which fulfill the following
conditions:
- tax is leviable at more than one point or on every
point of the sale of the goods in terms of a notification
issued under clause (a) of sub-section (2) of section
13;
- the goods have been purchased on or after the date
of the issuance of the notification referred to in
(a) above; and
- the goods have been purchased after payment of tax
from within the State of Bihar.
|
PC |
= |
The value of purchase of goods, during the month,
which fulfill the following conditions:
- tax is leviable at more than one point or on every
point of the sale of the goods in terms of a notification
issued under clause (a) of sub-section (2) of section
13;
- the goods have been purchased on or after the date
of the issuance of the notification referred to in
(a) above; and
- the goods have been purchased after payment of tax
from within the State of Bihar.
|
CS |
= |
The value of closing stock of goods, at the end of
the last day of the month, which fulfill the following
conditions:
- tax is leviable at more than one point or on every
point of the sale of the goods in terms of a notification
issued under clause (a) of sub-section (2) of section
13;
- the goods have been purchased on or after the date
of the issuance of the notification referred to in
(a) above; and
- the goods have been purchased after payment of tax
from within the State of Bihar.
|
Provided that if any part
of such goods purchased form within the State of Bihar after
payment of tax thereon are disposed of in any manner other
than by way of sale within the State of Bihar, the amount
of tax qualifying for adjustment, as aforesaid, shall stand
proportionately reduced.
Explanation: For the purpose
of this rule, the word tax shall mean tax payable within the
meaning of section 14. |
