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    <title>TNVAT ITC reversal withdrawn in Budget 2015-16 -reg</title>
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    <description>Withdrawal of ITC reversal for interstate sales supported by C forms removes the erstwhile requirement to reverse input tax credit applied from 11.11.13; key questions are the operative effective date of the budgetary withdrawal and whether taxpayers who reversed ITC since November 2013 may claim refunds or adjustments, subject to entitlement conditions and documentation evidencing interstate sales and C form reliance.</description>
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      <title>TNVAT ITC reversal withdrawn in Budget 2015-16 -reg</title>
      <link>https://www.taxtmi.com/forum/issue?id=108309</link>
      <description>Withdrawal of ITC reversal for interstate sales supported by C forms removes the erstwhile requirement to reverse input tax credit applied from 11.11.13; key questions are the operative effective date of the budgetary withdrawal and whether taxpayers who reversed ITC since November 2013 may claim refunds or adjustments, subject to entitlement conditions and documentation evidencing interstate sales and C form reliance.</description>
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