TNVAT ITC reversal for manufacturer - Stay by High Court, VAT + CST

[venkat eswaran]

Dear All,

We heard today[ 1.3.14] that Madras high court has given stay order for TNVAT ITC reversal for manufacuting industries. for the writ petition filed by Mannufacturing inds in Tamil nadu.

Is it correct? pl share your views.

if it is true how can we reverse for ITC reversal already done for 3 months, Nov, Dec, & Jan-14

Thanks 

Venkat

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

Dear Sir,

I have not heard such stay order of Madras High Court.   I also contacted the Advocates who practiced in VAT cases in this regard but they did not able to say anything.   If the name of the party is known they may inquire it.   If such order is made known to me I will inform the same to you.

Regards,

M. Govindarajan

[venkat eswaran]

Dear sir/ madam,

The case filed by TVS group ie, LUCAS TVS, & Delphi TVS. and got stay i heard

Venkat