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 the website of the TNVAT Department. This is effective from 1st April 2014.
1 thought on “TNVAT E payment Mandatory for assessees with more than 2 Crore Turnover”
Namaste. Kindly clarify whether under TNVAT Food supplied to Employees at Subsidized rate in the canteen within the factory , attract vat tax-if so, tax is chargeable on actual value or subsidized value ?
Food amount is recovered by deduction from staff salary every month.
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