The author is Post Graduate in Commerce form Madras university and been in employment for about 28 years in Private section and 7 years in the self employed status as VAT Practitioner, Indirect Tax Consultant, Project Finance, more specialized in to Works contracts under multiple states VAT act, Special Economic Zone Management Consultancy related areas. For any further clarifications the reader may reach the author P.Jagadeeswaran, VAT Practitioner – Indirect Tax Consultant Laws Reward Solutions No.33, First Floor, Elango Street, Celliamman Nagar, Attipet, Ambattur, Chennai – 600 058 Mobile: 9176038176/9840746721 e-mail: eswaran60@yahoo.com, eswaran1960@gmail.com