Form TAR-II Form of Audited Income Statement under section 52 of the Bihar Value Added Tax Act, 2005 for dealers who are Manufacturers [See rule 33(5)(ii)] Name & Style of Business ........................................................................................................................................................... Taxpayer Identification Number ......................................................................................... Income Statement for the year ended ... Previous Year Current Year (a) Gross sales within the state (b) Gross inter-state sales (c) Exports 1. Total Gross Sales [(a)+(b)+(c)] (p) Goods returned from sales within the sta te (q) Goods returned from inter-state sales (r) Excise Duty 2. Net Sales = [(1)-(p)-(q)-(r)] 3. Cost of Sales: (a) Raw Materials Consumed: Imported* (i) Opening Stock (ii) Add: Purchases (iii) Less: Closing Stock (iv) Consumed (i)+(ii)+(iii) Indigenous** (i) Opening Stock (ii) Add: Purchases (iii) Less: Closing Stock (iv) Consumed (i)+(ii)+(iii) (b) Stores and Spares (c) Other Consumables (d) Power and Fuel (e) Direct Labour (f) Repairs and Maintenance (g) Other Manufacturing Expenses (h) Depreciation (i) Adjustment and Inventory Opening Stock (i) Stock-in-process (ii) Finished Goods Total Opening Stock = (i)+(ii) = (x) * Value of goods imported from outside Bihar to be included here. ** Value of goods purchased from within Bihar to be included here - 2 - continued from last page ... Previous Year Current Year Less: Closing Stock (i) Stock-in-process (ii) Finished Goods Total Closing Stock = (i)+(ii) = ( y) Net Adjustment for Inventory = (x)-( y) 4. Gross Profit = [2 - 3] 5. Interest and other financial charges 6. Selling and general/administration charges 7. Operating Profits = [4 - (5+6)] 8. Other Income 9. Other Expenses 10. Profit & Loss before Tax = [(7+8) - 9] 11. Provision for Taxation 12. Net Profit 13. Provision for Dividend 14. Retained Earnings Date ........................................... Place ........................................... ............................................................................................ Signature of Person signing Annual Return ............................................................................................ Status in relation to dealer ............................................................................................ Signature of Auditor ............................................................................................ Status Office Seal
