G.O. Ms.No.92, Reimbursement of TNVAT to Chennai Metro Rail Limited, 2018
The Planning, Development and Special Initiatives (S.I) Department issued Government Order Ms. No. 92, dated 28 December 2018, sanctioning Rs.57.64 crore to Chennai Metro Rail Limited as reimbursement of Tamil Nadu Value Added Tax incurred during 2016-17 and part of 2017-18. The amount must be credited to the Public Deposit Account of Chennai Metro Rail Limited rather than paid in cash.
Purpose and decision
Government Order Ms. No. 92 of the Planning, Development and Special Initiatives (S.I) Department approves reimbursement of Rs.57.64 crore to Chennai Metro Rail Limited. The reimbursement covers Tamil Nadu Value Added Tax incurred during the financial year 2016-17 and part of 2017-18. The amount was provided in the Budget Estimate for 2018-19.
Chennai Metro Rail Limited requested the payment under the Memorandum of Understanding entered into by the Government of India, the Government of Tamil Nadu and Chennai Metro Rail Limited on 15 February 2011.
Who it affects
Government Order Ms. No. 92 directly concerns Chennai Metro Rail Limited and the government departments and accounting officers responsible for releasing and recording the reimbursement. It also gives payment instructions to the Managing Director of Chennai Metro Rail Limited and the Section Officer of the Planning, Development and Special Initiatives Department.
The document does not create or change rules about private property, land ownership, planning permission, land classification or property registration. It therefore does not impose any stated requirement on a Tamil Nadu property buyer or owner.
Key provisions
- Chennai Metro Rail Limited reported that it had incurred Rs.336.45 crore in Tamil Nadu Value Added Tax up to 30 September 2018.
- The Government of Tamil Nadu had already reimbursed Rs.197.79 crore under earlier government orders.
- The Government of Tamil Nadu accepted the proposal from the Director (Finance) of Chennai Metro Rail Limited and sanctioned a further Rs.57.64 crore.
- The sanctioned amount is classified as grant assistance to Chennai Metro Rail Limited for reimbursement of taxes and duties levied by the State.
- The grant must not be paid in cash. It must be credited to the Public Deposit Account maintained for Chennai Metro Rail Limited.
- The Section Officer of the Planning, Development and Special Initiatives Department must draw an account payee cheque in favour of that Public Deposit Account.
Financial approval
Government Order Ms. No. 92 records that the Finance Department gave its concurrence on 27 December 2018. The order was issued by order of the Governor and signed by the Additional Chief Secretary to Government.
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Common questions
Does this government order affect my land or property purchase?
No land or property requirement is stated. The document only sanctions reimbursement of Tamil Nadu Value Added Tax to Chennai Metro Rail Limited and gives instructions for accounting and payment.
How much was sanctioned to Chennai Metro Rail Limited?
The Government of Tamil Nadu sanctioned Rs.57.64 crore for Tamil Nadu Value Added Tax incurred during 2016-17 and part of 2017-18.
Will Chennai Metro Rail Limited receive the grant in cash?
No. The document directs that the grant must be credited to the Public Deposit Account of Chennai Metro Rail Limited rather than paid in cash.
When was Government Order Ms. No. 92 issued?
The Planning, Development and Special Initiatives (S.I) Department issued Government Order Ms. No. 92 on 28 December 2018.
