Amendment status not verified — confirm the current text below against the official source.
*Input Tax Credit on the Closing Stock of Registered Dealers prior to appointed date — 20 Full input tax credit shall be allowed in the manner prescribed for goods purchased on and after 1.4.2005 and which have borne the incidence of tax under the provisions of adopted Bihar Finance Act 1981 Part I, and held as closing stock on the Appointed Day and are sold or re-sold thereafter against the current VAT liability, or consume such goods in the manufacture of taxable goods which are sold against the current VAT liability and or consume such goods for direct use in mining. *(deleted vide notification no. LG 13/leg dated 01.02.2018)