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2022 (10) TMI 379 - HC - VAT and Sales TaxLevy of tax - transfer of goods involved in works contract - Input Tax Credit (ITC) - Rule 8(5) of the Tamil Nadu Value Added Tax Rules, 2007 - HELD THAT:- Learned Government Pleader agrees that the proper method for assessing the turnover from works contract is as per Rule 8(5) and that there is no statutory basis to justify the methodology adopted in the impugned assessments - In light of the same, the impugned assessments are set aside and remanded to the assessing authority to be redone de novo, applying the methodology set out under Rule 8(5) of the Rules. Seeing as the assessments relate to the periods 2011-12 to 2013-14, the petitioner will appear before the assessing authority on 12.10.2022 at 10.30 a.m. without awaiting any further notice and make its submissions. The assessments shall be completed within a period of eight (8) weeks from the date of receipt of copy of this order - Petition allowed by way of remand.
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