Tamil Nadu VAT

• 1% of Jewellery Metals and Stones including bullion, noble metals, precious stones, worn-out jewellery etc.
• 4% on any sort of acids and chemicals of all sorts as well as agricultural implements or even bamboo etc.
• 12.5% on all goods other than the ones that are exempted in 4th Schedule and those specified in 2nd Schedule and Part A and Part B of the 1st Schedule of the TN VAT law.

TN VAT Registration

There are majorly 4 categories of dealers who are supposed to obtain registration from the Head of the Assessment Circle in whose jurisdiction the dealer’s principal place of business is situated.

Hence, the TN VAT registration process has to be carried out mainly at the Head of the Assessment Circle.

1. The dealers whose total turnover in sales and purchase is not less than Rs 10 lakhs for a particular year are to get registered based on the the mandate of the Act.
2. The dealers whose total turnover is however not less than Rs 5 Lakhs are also subject to registration.
3. Dealers who wish to commence the business, on option along with casual traders, agent of non-resident dealer and even dealers in jewellery irrespective of quantum of turnover must obtain registration.

The TN VAT registration fees attracts a levy of Rs 500/ for the principal place of business. For each additional place of business requires Rs 50/- for each of the branches, godowns or workshops.

Security deposit is not required for dealers during the registration. The permanence of the registration is subject to cancellation by the concerned Department or if the business ceases when reported by the dealer.

Renewal of the TN VAT registration once the receipt of application is acknowledged and filed by the dealer, will issue a certificate of registration within a timespan of 30 days from the date of receipt of application.

The Commercial Taxes Department also has provisions for e-services that can be accessed at www.tnsalestax.com, www.tnsalestax.gov.in, or www.tnvat.gov.in. This procedure is however different and separate from the the Central Sales Tax Act, 1956 procedure.

Every company including its branches within the state is to be assigned only one TIN and as for conglomerates, a separate TIN should be assigned to each separate legal entity after the registration.

TNVAT Forms

For each procedure there are downloadable forms available, pertaining to the TN VAT. There are various procedures pertaining to the usage of TN VAT and hence all these forms are absolutely necessary to have access to for any business.

TNVAT Return e-Filing and Payment

E-filing and payment for the TN VAT is extremely simple and uncomplicated. There are certains login details and pages that will help you carry out the procedure for the same. You should have simply the details of same at an arm’s reach. Also payment can be done online at the same time. You simply have to login, fill in required details, choose the bank and pay post authentication. the information that you provide is absolutely secure and so is the payment gateway. However not that the payment links and procedure may be different in certain circumstances.