Tamil Nadu MSMEs hit by notices issued for pending VAT-related documents, arrear payments
The Commercial Taxes Department in Tamil Nadu has been sending notices to Micro, Small and Medium-scale Enterprises (MSMEs) demanding payment of pending VAT-related documents and arrears, sometimes dating back several years. This has added to the financial strain faced by these businesses. For instance, a small-scale compressor manufacturer received a notice for the 2012-13 period, with the amount owed running into lakhs.
Many MSME owners are fighting these notices through representations or legal action. The Federation of Coimbatore Industrial Associations has raised concerns to the Tamil Nadu MSME Minister about notices being issued for VAT for the past five years, with penalties reaching up to 348%. Even if MSMEs submit the required documents, officials are reluctant to close the cases due to issues with the provided paperwork.
The Federation has appealed to the government to address the problems faced by MSMEs and develop measures to settle all VAT-related issues.
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