The Tamilnadu Government has made few important amendments in TNVAT Act with regard to reversal of Input Tax Credits in respect of Inter-state sales and Stock Transfers outside the State.
These amendments were carried out by enacting a Tamilnadu VAT (Fifth Amendment) Act, 2013 (Amendment Act) on 8th November 2013.
The effective date for these amendments is 11th November 2013.
The effect of these amendments are as follows :-
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The relevant Notifications are reproduced below :-
[gview file=”http://bssridhar.com/blog/wp-content/uploads/2013/11/Act28.pdf”] [gview file=”http://bssridhar.com/blog/wp-content/uploads/2013/11/Date-of-coming-into-force.pdf”]