https://www.taxtmi.com/forum/issue?id=108278 ITC reversal introduced under the state VAT regime requires periodic reversal by registered taxpayers; some pay monthly while others have litigated the reversal mechanism. A manufacturing unit paid initial reversals then stopped, accruing liability without receiving departmental notices. The operative issue is whether the unit must continue timely reversals and discharge accumulated reversal liabilities despite pending legal challenge and absence of departmental demand, considering statutory reversal obligations, possible enforcement suspension during litigation, and risks of interest or penalties for non payment. en-us Thu, 19 Mar 2015 10:38:55 +0530 Thu, 23 Jan 2025 15:56:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108278 ITC reversal introduced under the state VAT regime requires periodic reversal by registered taxpayers; some pay monthly while others have litigated the reversal mechanism. A manufacturing unit paid initial reversals then stopped, accruing liability without receiving departmental notices. The operative issue is whether the unit must continue timely reversals and discharge accumulated reversal liabilities despite pending legal challenge and absence of departmental demand, considering statutory reversal obligations, possible enforcement suspension during litigation, and risks of interest or penalties for non payment. Discussion-Forum VAT / Sales Tax Thu, 19 Mar 2015 10:38:55 +0530 https://www.taxtmi.com/forum/issue?id=108278