T.N. Act No.19/2012
TAMIL NADU VALUE ADDED TAX (FOURTH AMENDMENT) ACT, 2012
(Received the Assent of the Governor of Tamil Nadu on May 31, 2012 — Published in Tamil Nadu Government Gazette, Extraordinary, Part IV, Section 2, Iss. No.145, page 131, dated June 1, 2012.
Statement of Objects and Reasons : Refer T.N. Bill No.18 — 2012 (1) CTAR page 1.118).
An Act further to amend the Tamil Nadu Value Added Tax Act, 2006.
Be it enacted by the Legislative Assembly of the State of Tamil Nadu in the Sixty-third Year of the Republic of India as follows;—
1. Short title and Commencement.— (1) This Act may be called the Tamil Nadu Value Added Tax (Fourth Amendment) Act, 2012.
(2) It shall come into force on such date as the State Government may, by notification, appoint.
2. Amendment of Second Schedule.- In the Second Schedule to the Tamil Nadu Value Added Tax Act, 2006 (Tamil Nadu Act 32 of 2006), -
(1) Against Serial Number 5, for item (ii) and the entries relating thereto in columns (2), (3) and (4), the following item and entries shall, respectively, be substituted, namely:-
“(ii) Aviation Turbine Fuel sold to an aircraft with a maximum take-off mass of less than forty thousand kilograms operated by scheduled airlines
|
At the point of first sale in the State
|
5 per
cent.”;
|
(2) against Serial Number 11, in column (4), for the entry “4 per cent”, the entry “5 per cent” shall be substituted;
(3) after Explanation III, the following Explanation shall be added, namely,-
“Explanation IV. – For the purpose of item (ii) against Serial Number 5, “scheduled airlines” mean the airlines which have been permitted by the Central Government to operate any Scheduled air transport service.”. |
