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2010 (4) TMI 1022 - HC - VAT and Sales TaxCompounded rate of tax - turnover exceeded ₹ 50 lakhs - circular dated August 29, 2007 - Held that: - Going by the Commissioner's clarification, the benefit of input-tax credit has to be extended to the assessee like the petitioner, the moment the petitioner's turnover exceeded ₹ 50,00,000 and that he would not eligible to be assessed under section 3(4) of the Tamil Nadu Value Added Tax Act. The petitioner is hereby directed to furnish the details of the turnover crossing ₹ 50,00,000. On such furnishing of the details, the respondent shall take into account the Commissioner's clarification and pass orders in accordance with law - petition disposed off.
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