The Tamil Nadu General Sales Tax (Special Provisions) Act, 1964

The Tamil Nadu General Sales Tax (Special Provisions) Act, 1964

This Act regulates the retrospective levy and reassessment of sales tax on dressed hides and skins in Tamil Nadu for specific tax periods between April 1955 and March 1959. It applies to leather trade dealers acting as the first sellers of dressed hides and skins that were previously sold in raw form. The legislation matters because it established fixed tax rates calculated from the last untanned purchase price and required affected dealers to submit revised turnover returns. Tax authorities were authorized to reassess past transactions, allowing previous tax deposits to be adjusted so that overpaid taxes were refunded and underpaid balances were collected.

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