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2021 (5) TMI 284 - HC - VAT and Sales TaxConcessional rate of tax - “C” Form could not be obtained due to default on the part of the other State dealers - validity of reversal of input tax credit when there was no input tax credit - HELD THAT:- There can be no dispute that the issue on hand is squarely covered by TVL. BHARATH TRADERS VERSUS THE COMMISSIONER OF COMMERCIAL TAXES, THE COMMERCIAL TAX OFFICER, SOUTH AVANI MOOLA STREET CIRCLE, MADURAI [2019 (8) TMI 1699 - MADRAS HIGH COURT] where it was held that Since the substitution in the present case only seeks to set right an anomaly it necessarily has to be effective from the date of inception of the Act itself, retrospectively. The respondents erred in effecting reversal of input tax credit - Petition allowed - decided in favor of petitioner.
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