Reversal of input tax credit - inputs utilised in the ...

High Court: Section 19(5)(a) TN VAT Act limits apply to original form inputs, not manufacturing goods like engines.

February 28, 2020

Case Laws VAT and Sales Tax HC

Reversal of input tax credit - inputs utilised in the manufacture of internal combustion engine - clearance to SEZ unit - The restrictions in Section 19(5)(a) of the TNVAT Act, 2006, will apply only to such inputs which are bought and sold as such and not to inputs used in the manufacture of goods. 19(5)(b) is not relevant for the present case. - HC

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Reversal of input tax credit - inputs utilised in the ...

High Court: Section 19(5)(a) TN VAT Act limits apply to original form inputs, not manufacturing goods like engines.

February 28, 2020

Case Laws VAT and Sales Tax HC

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