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TN-VAT

Tamil Nadu Value Added Tax Act 2006 has come into effect from 1st January 2007.

VAT is a multi-stage tax on goods that is levied across various stages of production and supply with credit given for tax paid at each stage of Value addition.

VAT is the most progressive way of taxing consumption rather than business.

PROCEDURE FOR REGISTRATION UNDER VAT ACT

Dealers already registered under the TNGST Act are required to submit their application for registration under the proposed VAT Act. 

Briefly the procedure is
  • TIN numbers have been assigned to dealers presently registered under the TNGST Act. Dealers are required to ascertain their TIN number before submitting the application for registration under the VAT Act. 
  • The application form is available in PDF format and facility to fill in the details online and to take print out is available in the above link. Please note that there is no facility for online submission of the form. 
  • The completed application form is to be submitted with 2 copies of the passport size photograph of the applicant. In the case of companies and partnership firms or entities other than proprietary concerns, it is not clear if the photos of all the partners/directors is to be submitted. We therefore suggest that copies of the photos of the signatory may be submitted. 
  • The applications may be submitted from 15/11/2006. The last date for submission is not specified. The applicant is required to submit self addressed envelope sufficiently stamped. The assessing officer would despatch the registration certificate within 15 days of implementation of VAT.

The assessing officer would despatch the registration certificate within 15 days of implementation of VAT.