The Government of Tamil Nadu on October 12, 2023, issued the Tamil Nadu Goods and Services Tax (Second Amendment) Act, 2023 to further amend the Tamil Nadu Goods and Services Tax Act, 2017.
It states that sections 2 to 24 (except sections 14 to 19) shall be deemed to have come into force on October 01, 2023, and sections 14 to 19 shall be deemed to have come into force on August 01, 2023.
The following amendments have been stated:
• In section 10, which states “Composition levy”:
(1) In sub-section (2), in clause (d), the expression “goods or” has been omitted;
(2) In sub-section (2A), in clause (c), the expression “goods or” has been omitted.
• In section 16, which states “Eligibility and conditions for taking input tax credit” in sub-section (2):
(1) In the second proviso, for the expression “added to his output tax liability, along with interest thereon”, the expression “paid by him along with interest payable under section 50” has been substituted;
(2) In the third proviso, after the expression “made by him”, the expression “to the supplier” has been inserted.
• In section 54, which states “Refund of tax” in sub-section (6):
The expression “excluding the amount of input tax credit provisionally accepted,” shall be omitted.
• After section 158, which states “Disclosure of information by a public servant” the following section 158-A, which states “Consent-based sharing of information furnished by a taxable person” has been inserted.
For more information, kindly refer to the document attached.
[Notification No 359]
