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Taxation Tamil Nadu Ministry of Finance Tamil Nadu Goods and Services Tax Act, 2017

Tamil Nadu Goods and Services Tax (Second Amendment) Act, 2023

13-Oct-2023 | NA

Government of Tamil Nadu has issued Tamil Nadu Goods and Services Tax (Second Amendment) Act, 2023, effective from 1st August 2023

The key highlights of the amendment are:

1. Section 17 Amendment: Sub-section (3) Explanation now reads as follows:
Except, -
(a) the value of activities or transactions specified in paragraph 5 of the said Schedule; and
(b) the value of such activities or transactions as may be prescribed in respect of clause (a) of paragraph 8 of the said Schedule.”

2. Sub-section (5) introduces a new clause (ff), which covers: Goods or services or both received by a taxable person, which are used or intended to be used for activities relating to his obligations under corporate social responsibility referred to in section 135 of the Companies Act, 2013.

3. Section 37 Amendment: After sub-section (4), a new sub-section (5) is added. It stipulates that a registered person cannot furnish the details of outward supplies under sub-section (1) for a tax period after three years from the due date of furnishing these details. However, the Government may, based on the Council's recommendation, allow exceptions under specified conditions and restrictions.
Section 39 Amendment:

4. A new sub-section (11) is added after sub-section (10) in section 39. It states that a registered person is not permitted to furnish a return for a tax period after the specified period.

It's important to note that the sections 2 to 24 (except sections 14 to 19) shall be deemed to have come into force on the 1st day of October 2023.




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