the Tamil Nadu Value Added Tax(Amendment) Act, 2022
ACT No. 31 OF 2022.
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:-
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. Short title and commencement.
(1) This Act may be called the Tamil Nadu Value Added Tax(Amendment) Act, 2022.
(2) It shall be deemed to have come into force on the 1st day of January 2007.
2. Amendment of Second Schedule.
In the Second Schedule to the Tamil Nadu Value Added Tax Act, 2006, (Tamil Nadu Act 32 of 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,-
(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:-
(By Order of the Governor)
C. GOPI RAVIKUMAR,
Secretary to Government (Legislation),
Law Department.