Due to the change in the e filing procedures and introduction of New portal for filing TNVAT returns, the method of payment of TNVAT & CST has also undergone considerable change. The method of payment of TNVAT/CST using the new portal is reproduced below :- [gview file=”http://bssridhar.com/blog/wp-content/uploads/2016/07/HOW-TO-MAKE-EPAYMENT-UNDER-NEW-TNVAT-PORTAL.pdf”]
How to make epayment under new TNVAT Portal Read More »
The Government of Tamilnadu has launched a new portal for providing e-services relating to registration & filing in respect of TNVAT. The New portal can be accessed at http://ctd.tn.gov.in The Salient features of this e-C Tax intiative of Tamilnadu Government are :- 1) New Dealer Registration and the modification of details with regard to
INTRODUCTION OF NEW FILING PROCEDURES UNDER TNVAT Read More »
The Government of Tamilnadu vide its Notification No :- GO (Ms) No 133 dtd 30th December 2015 has extended the last date for filing of Form WW (TNVAT Audit Report) from 31st December 2015 to 31st January 2016. However this is applicable only in respect of dealers having principal place or additional place of business
Last date for Submission of TNVAT Audit Report extended Read More »
The Government of Tamilnadu vide its Order dtd 20th Dec 2015 has extended the last date for filing of monthly returns as under :- For Returns Due on 14th Dec 2015 , the last date is 24th December 2015 For Returns Due on 20th or 22nd Dec 2015, the last date is 31st Decembeer 2015.
Extension of Last date for TNVAT Monthly returns – Nov 2015 Read More »
The TNVAT Department vide its Proceedings No. Acts Cell-5/20414/2014 dtd 12th March 2015 has notified new commodity codes in respect of Commodities chargeable to TNVAT. The existing Commodity codes have been recodified for betting accounting and accuracy in data. This is a step towards the Total Solution Project (TSP) of the TNVAT Department. These new
TNVAT New Commodity Codes notified Read More »
Recently, the Tamilnadu Government, in its Budget presentation had proposed certain changes in the TNVAT Act which includes changes in rate of tax and provisions with regard to withdrawl of ITC reversal in respect of Inter-state Sales. These changes have come into effect from 1st April 2015. The relevant Gazette notification dtd 31st March 2015
Effective Date for TNVAT Amendment 2015 Read More »
The State Budget for the year 2015-16 was presented in the Legislative Assembly today. There were certain proposals proposed in the budget presented. The following are the proposed Changes in TNVAT :- 1) Electricity Tax on generating plants using Biomass (excluding bagassee) will be withdrawn to give a boost to green energy producers. 2) Input Tax Credit
TNVAT – Changes proposed in Budget 2015-16 Read More »
Recently, TNVAT Department has made the e-payment of monthly taxes, mandatory in respect of assessees whose turnover during the previous year is more than 1 Crore. As a prelude to the complete computerization and online management system in TNVAT, many assessment circles have issued notices to all assessees irrespective of their turnover to make only
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WHO ARE LIABLE TO DEDUCT For the purposes of Works Contract TDS, a person who is liable INCLUDES :- (i) Central/State Government, (ii) A local authority, (iii) A corporation or body established by or under a Central or State act (iv) A company incorporated under Companies Act,1956 including Central or state Government undertaking; (v) A
TDS ON WORKS CONTRACT UNDER TNVAT ACT Read More »
The Tamilnadu Government has issued a Notification GO (Ms) No 41 dtd 02/06/2014 amending the Annexure III to Form I monthly return. In the amended Annexure III , a specific line item for “ITC Reversal for CST Sales against C Form” has been added and the same is w.e.f 02/06/2014. In view of the above,
Change in Annexure III of Form I of TNVAT Act. Read More »
From October 2012 onwards under the TNVAT act, the dealers were required to file Annexure – I A in respect of purchases/transactions for which Statutory forms (viz Form C / Form F), are to be issued. This was done with a view of downloading the Statutory Forms (Form c & F) from the e filing
TNVAT- Online Generation of backlog Forms Read More »
The Government of Tamilnadu has issued a new notification dtd 25th March 2014. As per this new notification, every registered dealer , who is liable to pay tax under TNVAT Act & whose turnover exceeds Rs. 2 Crores during the previous year, shall pay the tax due only by means of electronic payment only through
TNVAT E payment Mandatory for assessees with more than 2 Crore Turnover Read More »
The Tamilnadu Commercial Tax Department has issued a new Circular No 2/2014 prescribing the revised guideline and procedures to be adopted for Registration and Issue of Registration Certificate to dealers. The salient features of this circular are as follows :- 1) Previously, application for new registration of a business in respect of six evasion prone
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The Government of Tamilnadu had amended the Form I by introducing Annexure – V in respect of ITC Claimed and carried forward. In view of the various representations received from various trade & industries, the Commissioner of Commercial Taxes has issued certain clarifications with regard to filing of Form I along with Form I. The
TNVAT-Clarification Circular issued regarding Annexure V to Form I Read More »
Many times business entities get Invoices and Forms (Form C, Form F, Form E-I, E-II) out of the state where their office is situated. As a business entity , during VAT / CST assessments , the onus is on the assesee to prove the genuinity of the Invoice/Forms and the Registration of the dealer from
How to check whether a TIN / CST Number is genuine ? Read More »
