Monday, October 1, 2012

TN VAT Audit - Applicability Clarification

Circular under Tamil Nadu Value Added Tax

Circular No. 09 / 2012  Dated 14th September, 2012
Sub: TNVAT Act, 2006 – Commercial Taxes Department –Introduction of Section 63-A under the
Act – Clarification Issued – Regarding.

A new Section 63-A to TNVAT Act, 2006 was introduced by Act No.18 of 2012 requiring a registered dealer to get his accounts audited by an accountant if the total turnover of the dealer including zero rate sale and sale in the course of inter-state trade or commerce as specified in section 3 of the CST Act, 1956 exceeds one crore rupees in a year.

Rule 16A of TNVAT Rules, 2007 provides for submission of such audit report in form WW as per G.O.Ms.No.119, CT&R (B1) Department, dated:30-08-2012.

This amendment takes effect from 30-08-2012 as per G.O.Ms.No.118, CT&R (B1) Department, dated: 30-08-2012.

It is brought to the notice of all the officers that submission of Audit Report in Form WW is applicable from the financial year 2011-12 onwards.

Sd/- R. Kirlosh Kumar
Commissioner of Commercial Taxes (FAC)

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