https://www.taxtmi.com/caselaws?id=260379 Input tax credit under the Tripura VAT regime was confined to tax paid or payable under that Act and could not be set off against Central Sales Tax collected on inter-State sales. State sales tax authorities were held competent to assess and recover Central Sales Tax on behalf of the Union, and delegation of power to the Superintendent of Taxes was upheld; however, notices for later assessment years were found to have been issued without reasonable opportunity to produce documents, so those assessments were remitted. The maximum penalty of 150% was found unjustified where the dispute arose from interpretation of the credit provisions and no concealment was shown, so only the minimum statutory penalty was permitted. en-us Fri, 12 Sep 2014 00:00:00 +0530 Mon, 27 Jul 2015 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260379 Input tax credit under the Tripura VAT regime was confined to tax paid or payable under that Act and could not be set off against Central Sales Tax collected on inter-State sales. State sales tax authorities were held competent to assess and recover Central Sales Tax on behalf of the Union, and delegation of power to the Superintendent of Taxes was upheld; however, notices for later assessment years were found to have been issued without reasonable opportunity to produce documents, so those assessments were remitted. The maximum penalty of 150% was found unjustified where the dispute arose from interpretation of the credit provisions and no concealment was shown, so only the minimum statutory penalty was permitted. Case-Laws VAT and Sales Tax Fri, 12 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260379