Act No. 14 of 2015

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 Sixty-sixth Year of the Republic of India as follows:-

1. Short title and commencement.

(1) This Act may be called the Tamil Nadu Value Added Tax (Third Amendment) Act, 2015.

2. Amendment of Second Schedule..

In the Second Schedule to the Tamil Nadu Value Added Tax Act, 2006, (Tamil Nadu Act 32 of 2006.) in Explanation I, for clause (c), during the period commencing on the 1st April 2013 and ending with the 31st October 2014, the following clause shall be deemed to have been substituted, namely:-

"(c) "basic price" means the price paid for alcoholic liquors without any discount by the Tamil Nadu State Marketing Corporation Limited, a Corporation wholly owned and controlled by the Government, to the suppliers, which excludes the excise duty payable under the Tamil Nadu Prohibition Act, 1937 (Tamil Nadu Act X of 1937) and all other duties, taxes and levies but includes transport charges;"

S. S. Poovalingam

Secretary to Government in Charge,

Law Department.