https://www.taxtmi.com/caselaws?id=159131 Under G.O. Ms. No. 763, Revenue (CT.II), dated 21 August 1990, the set-off on a subsequent sale of iron and steel was to operate on the tax already suffered in the State against the tax payable on the later sale. Restricting relief only to the tax collected component was impermissible, because the scheme contemplated set-off of actual tax paid. The view that the available set-off could not be confined to the collected portion was accepted. en-us Mon, 27 Apr 1998 00:00:00 +0530 Sat, 16 Nov 2013 11:40:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159131 Under G.O. Ms. No. 763, Revenue (CT.II), dated 21 August 1990, the set-off on a subsequent sale of iron and steel was to operate on the tax already suffered in the State against the tax payable on the later sale. Restricting relief only to the tax collected component was impermissible, because the scheme contemplated set-off of actual tax paid. The view that the available set-off could not be confined to the collected portion was accepted. Case-Laws VAT and Sales Tax Mon, 27 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159131