TNVAT ITC reversal withdrawn in Budget 2015-16 -reg

[venkat eswaran]

Dear Experts

In TNVAT there is an ITC reversal for intersate sales with C form w.e.g 11.11.13 now withdrawn in the budget 2015-16 [ yesterday's TN budget presentation]

This is effective from which date? and we have paid ITC reversal for the last 15 months from Nov-13.

Whether we can get refund of this? Pl clarify

Venkat

AI Summary

Inquiry on ITC Reversal Withdrawal for Interstate Sales with C Form under TNVAT: Refunds for Past 15 Months? A participant in a discussion forum inquired about the withdrawal of the Input Tax Credit (ITC) reversal for interstate sales with C form under the Tamil Nadu Value Added Tax (TNVAT), which was announced in the 2015-16 budget. The individual sought clarification on the effective date of this change and questioned whether a refund could be obtained for the ITC reversal payments made over the past 15 months, starting from November 2013.