[139 ]

IV-2 Ex. (318)

©

[Regd. No. TN/CCN/467/2012-14.

GOVERNMENT OF TAMIL NADU

[R. Dis. No. 197/2009.

2022

[Price: Re. 0.80 Paise.

TAMIL NADU

GOVERNMENT GAZETTE

EXTRAORDINARY

PUBLISHED BY AUTHORITY

No. 318]

CHENNAI, FRIDAY, JUNE 3, 2022

Vaikasi 20, Subakiruthu, Thiruvalluvar Aandu–2053

Part IV—Section 2

Tamil Nadu Acts and Ordinances

The following Act of the Tamil Nadu Legislative Assembly received the

assent of the Governor on the 1st June 2022 and is hereby published

for general information:—

ACT No. 31 OF 2022.

An Act further to amend the Tamil Nadu Value Added Tax

Act, 2006.

Be it enacted by the Legislative Assembly of the State of Tamil Nadu

in the Seventy-third Year of the Republic of India as follows:—

1. (1) This Act may be called the Tamil Nadu Value Added Tax

(Amendment) Act, 2022.

Short title and

commencement.

(2) It shall be deemed to have come into force on the 1st day of

January 2007.

Tamil Nadu Act

32 of 2006.

2. In the Second Schedule to the Tamil Nadu Value Added Tax Act,

2006, after Explanation IA, the following Explanation shall be added,

namely:—

“Explanation IB.— For the purpose of determining the turnover

of the Tamil Nadu State Marketing Corporation Limited, a Corporation,

wholly owned and controlled by the State Government, in respect of the

goods specified in,—

Amendment

of Second

Schedule.

140

TAMIL NADU GOVERNMENT GAZETTE  EXTRAORDINARY

(a) Serial numbers 1 and 3, liable to tax at the first point of sale

in the State, the following method shall be adopted, namely:—

Selling Price (Maximum Retail Price)

——————————————————————————— x 100

100+rate of tax applicable at the point of first sale in the State.

(b) Serial number 2, liable to tax at the second point of sale in

the State, the following method shall be adopted, namely:—

Selling Price

Amount paid on purchase

(Maximum Retail Price)

–

(It includes excise duty but

does not include Value Added Tax

paid at the first point of sale)

———————————————————————————————

x 100

100+rate of tax applicable at the point of second sale in the State.”.

(By Order of the Governor)

C. GOPI RAVIKUMAR,

Secretary to Government (Legislation),

Law Department.

PRINTED  AND  PUBLISHED  BY  THE COMMISSIONER  OF  STATIONERY  AND  PRINTING, CHENNAI

ON  BEHALF  OF  THE  GOVERNMENT  OF  TAMIL  NADU