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TMI Blog2015 (3) TMI 1157X X X X Extracts X X X X X X X X Extracts X X X X ..... ese writ petitions seeking to quash the proceedings of the respondent dated February 20, 2015. 3. Section 3 of the Tamil Nadu Value Added Tax Act, 2006 (hereinafter referred to as "the Act 2006") is extracted hereunder: "3. Levy of taxes on sales of goods.-(1) (a) Every dealer, other than a casual trader or agent of a non-resident dealer, whose total turnover for a year is not less than rupees five lakhs and every casual trader or agent of a non-resident dealer, whatever be his total turnover, for a year, shall pay tax under this Act. (b) Notwithstanding anything contained in clause (a), every dealer, other than a casual trader or agent of a non-resident dealer, whose total turnover in respect of purchase and sale within the State, for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rts, components and accessories are not specifically enumerated in the First Schedule and made liable to tax under that Schedule. (3) The tax payable under sub-section (2) by a registered dealer shall be reduced, in the manner prescribed, to the extent of tax paid on his purchase of goods specified in Part B or Part C of the First Schedule, inside the State, to the registered dealer, who sold the goods to him. (4)(a) Notwithstanding anything contained in sub-section (2), but subject to the provisions of sub-section (1), every dealer, who effects second and subsequent sales of goods purchased within the State, whose total turnover relating to taxable goods, for a year, is less than rupees fifty lakhs, may, at his option, instead of payin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ases of which has been made within ninety days before the date, on which such turnover has reached rupees fifty lakhs: Provided that such dealer whose turnover has reached rupees fifty lakhs during the previous year shall not be entitled to exercise such option for subsequent years. (5) Subject to the provisions of sub-section (1), every dealer, who deals in the goods specified in the Second Schedule, shall pay a tax, for each year, on the sale or purchase of such goods, at the point and at the rate specified therein: Provided that the dealer, who pays tax under this sub-section, shall not be entitled to input tax credit on goods purchased by him. (6) When goods are sold together with containers or packing materials, the rate of tax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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