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Tamil Nadu Budget 2015-16 Changes in VAT

Tamil Nadu Budget 2015-16 Changes in VAT - Value Added Tax - VAT and CST - By: - KAMARAJ RENGARAJ - Dated:- 30-3-2015 Last Replied Date:- 30-12-1899 - Introduction: In order to boost the manufacturing sector bogged down by negative sentiments, the St .....

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mbly. There are already cases pending before the Appellate levels/Higher Forums as to whether the reversal of Input tax credit is applicable for manufacturing sectors for interstate sales with C Forms but in the current budget, the said proviso is wi .....

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st to green energy producers. b) Input Tax Credit reversal imposed at the rate of 3 per cent on the inter-state sale of goods as per proviso to section 19(2) (v) of Tamil Nadu Value Added Tax Act 2006, which was introduced with effect from 11.11.2013 .....

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rs to claim Input Tax Credit on the inter-State sale of goods without C form. This measure will eliminate additional burden on the dealers effecting inter-State sale of goods without C form. d) Fishing accessories like fishing ropes, fishing floats, .....

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