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M/s Sri Krishna Electricals Plumbing Versus The Commercial Tax Officer

2015 (6) TMI 227 - MADRAS HIGH COURT

Levy of tax on purchase value - Held that:- Sales had been done by the petitioner to the tune of ₹ 47,05,257/-. In view of Section 3(4)(a)(ii) extracted supra, the respondent has no jurisdiction to assess the tax based on the purchase value. Ac .....

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Value Added Tax Act, 2006. - In the light of the provisions under Section 3(4) of the Tamil Nadu Value Added Tax Act, 2006, as the sales of the petitioner are less than ₹ 50,00,000/-, the impuged order is liable to be set aside - Decided in fa .....

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of issuance of a writ of ceriorari to call for the records of the respondent in TIN/33790885461/2012-13, quash the impugned proceedings dated 12.02.2015 as ultra vires of the provisions of the Tamilnadu Value Added Tax Act, 2006 2. For the sake of co .....

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quent sales of goods purchased within the State, whose total turnover relating to taxable goods, for a year, is less than rupees fifty lakhs, may, at his option, instead of paying tax under sub-section (2), pay a tax, for each year, on his turnover r .....

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Whose turnover is below rupees fifty lakhs during the previous year, on or before 30th day of April of the year for which he exercises such options; (iii) For the year 2008-09, within thirty days from the date of commencement of the Tamil Nadu Value .....

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him; Provided also that the dealer who purchased goods from such dealer shall not be entitled to input tax credit on the goods purchased by him. (b) If the turnover relating to taxable goods, of a dealer paying tax under clause (a) in a year, reache .....

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pees fifty lakhs and above and he is entitled to the input tax credit on the purchases made from the date, and on the stock available with him, the purchases of which has been made within ninety days before the date, on which such turnover has reache .....

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