TNVAT - ITC reversal

[venkat eswaran]

Dear Experts,

Under TNVAT there is ITC reversal introduced from OCt-2013 Some companies are doing ITC reversal everymonth. But the case was filed by TVS and some companies against this ITC reversal.

we are mfg unit and we have paid initially 2 months. but after feb14 we have not paid. The Liability is going up as on date. Sales tax dept also not issued any notices for non-payment of ITC reversal.

Whether we can pay or delay it ? your advice please

Venkat