The Governor of Bihar by way of a notification dated 02.06.2021, amends the notification regarding the rate of State tax on intra- State Supply on Services by Commercial Taxes Department dated 29.06.2017. The amendments include insertion of a new clause which states that the landowner-promoter shall be eligible to utilize the credit of tax charged to him by the developer-promoter for payment of tax on apartments supplied by the landowner-promoter in such project. Further, a new entry has also been added which provides for the rate of State tax for the service of manufacturing, repair or overhaul services, in respect of ships and other vessels, their engines and other components or parts. The rate of tax is fixed at 2.5%.
