Friday, 9 October 2015

Amendments proposed in Tamil Nadu VAT Act, 2006

This Alert summarizes and provides an analysis of the amendments proposed in the Tamil Nadu Value Added Tax Act, 2006 (TN VAT Act) vide L.A. Bill Nos. 8 and 9/2015. The bills were introduced in the Legislative Assembly of the State of Tamil Nadu on 28 September 2015.
To embark on the next phase of e-Governance in the Commercial Taxes Department, the Government of Tamil Nadu has proposed to implement end-to-end Total Solutions Project. This is done by rolling out completely automated process modules for registration, returns, payments, assessments, statutory forms etc.
In order to provide hassle free and smooth implementation of the said Total Solution Project, several amendments pertaining to levy of tax, input tax credit, adjudication and penal provisions have been proposed.

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