Form TAR-II Form of Audited Income Statement under section 52 of the Bihar Value Added Tax Act, 2005 for dealers who are not 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 state (q) Goods returned from inter-state sales 2. Net Sales = [(1)-(p)-(q)] 3. Cost of Sales: (a) Opening Stock (b) Add: Purchases (imported* and net of returns) (c) Add: Purchases (indigenous** and net of returns) (d) Less: Closing Stock (e) Add: Other direct expenses, if any 4. Gross Profit = [(2)-(3)] 5. Depreciation 6. Interest and other financial charges 7. Selling and general/administration charges 8. Operating Profits = [4 - (5+6+7)] 9. Other Income 10. Other Expenses 11. Profit & Loss before Tax = [8+9+10] 12. Provision for Taxation 13. Net Profit 14. Provision for Dividend 15. Retained Earnings * Value of goods imported from outside Bihar to be included here. ** Value of goods purchased from within Bihar to be included here Date ........................................... ............................................................................................ Signature of Person signing Place ........................................... Annual Return ............................................................................................ Status in relation to dealer ............................................................................................ Signature of Auditor ............................................................................................ Status Office Seal
