reversal of itc on cst sales, VAT + CST

[Ramakrishnan Seshadri]

Dear Sir,

During november 2013 the tnvat has issued a notification on reversal of itc for cst sales.

Could any body inform us whether we have to reverse or any stay has been obtained for this reversal issued by the high court.

Regards,

s.Ramakrishnan.

Posts / Replies

[CA. Surender Gupta]

Though I am not dealing with TNVAT,  but made an attempt to find the answer to your query. Accordingly I find that, 8-11-2013 state government has issued a notification amending the Section 19 of the TN VAT Act to restrict the credit in case of central sale.