Tax calculation method amended to reference the GST Rules rate, replacing prior phrasing and changing computation approach soon. The notification substitutes the prior phrase describing the tax computation with wording directing that 'an amount of tax calculated at the rate specified in rule 7 of the Tamil Nadu Goods and Services Tax Rules, 2017' be applied, thereby tying the tax calculation method to the rate specified in the Rules; this amendment takes effect from 1 February 2019.
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Tax calculation method amended to reference the GST Rules rate, replacing prior phrasing and changing computation approach soon.
The notification substitutes the prior phrase describing the tax computation with wording directing that "an amount of tax calculated at the rate specified in rule 7 of the Tamil Nadu Goods and Services Tax Rules, 2017" be applied, thereby tying the tax calculation method to the rate specified in the Rules; this amendment takes effect from 1 February 2019.
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