TMI Blog2016 (6) TMI 1420X X X X Extracts X X X X X X X X Extracts X X X X ..... The Respondent should have taken into consideration the notification issued under Section 3 (4) of the TNVAT Act and G.O.Ms.No.135, dated 30.10.2011, which is effective from 01.04.2012, and the petitioner has to pay higher tax only for the excess amount of ₹ 32,228/-, which is more than ₹ 50 lakhs limit and as per the Government Order and the amendments to Section 3 (4) of the Act, the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the petitioner and Mr. Manoharan Sundaram, learned Additional Government Pleader, appearing for the respondent. By consent of the learned counsel for both sides, the writ petition itself is taken up for final disposal. 2. The petitioner, which is a proprietary concern, has registered as a dealer on the file of the respondent, under the provisions of the Tamil Nadu Value Added Tax Act, 2006, (TN ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ey have crossed ₹ 50 lakhs, for which, they will continue for the subsequent years to submit the option letter to the Office of the respondent and change to 'Form-I' mode. The petitioner enclosed the Delivery Note Acknowledgment and stated that they will be liable to pay the excess amount of ₹ 32,228/- with rate of tax at 14.5%. Therefore, they requested the respondent to drop ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is entitled to avail Input Tax Credit for the turnover, which exceeds ₹ 50 lakhs and the said Government Order, being a beneficiary notification, is applicable to the year 2012-13 also. 4. In the light of the above facts, this Court is of the view that the respondent should be directed to redo the entire assessment, taking into consideration the submissions made by the petitioner and tak ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
