The Commercial Tax Department of Tamil Nadu on December 08, 2023, issued Tamil Nadu Goods and Services Tax (Second Amendment) Rules, 2023, to further amend the Tamil Nadu Goods and Services Tax Rules, 2017.
This shall come into force on October 26, 2023.
The following has been stated namely: -
• The rule no. 28 which states “Value of supply of goods or services or both between distinct or related persons, other than through an agent” shall be renumbered as sub-rule (1), and a new sub-rule (2) shall be inserted –
“(2) Notwithstanding anything contained in sub-rule (1), the value of supply of services by a supplier to a recipient who is a related person, by way of providing a corporate guarantee to any banking company or financial institution on behalf of the said recipient, shall be deemed to be one percent of the amount of such guarantee offered, or the actual consideration, whichever is higher.”
• In rule no. 142, sub-rule (3) which states “Notice and order for the demand of amounts payable under the Act”, the words “proper officer shall issue an order” shall be substituted with the words “proper officer shall issue an intimation”.
• In rule no. 159, sub-rule (2), which states “Provisional attachment of property”, after the words “Commissioner to that effect”, the words “or on expiry of a period of one year from the date of issuance of the order under sub-rule (1), whichever is earlier,” shall be inserted.
• It states that changes have been made in FORM GST REG-01, FORM GST REG-08, n FORM GSTR-8, FORM GST PCT-01, and FORM GST DRC-22.
Kindly refer to the attached document for the amendments made in the Forms specified above.
[Notification no. - SRO A- 38(a)/2023]
