https://www.taxtmi.com/caselaws?id=263215 Under the VAT scheme, admissible input tax credit, once determined on assessment, may be set off against the dealer's current-year output tax liability; any remaining credit may then be adjusted against central sales tax liability, with only the balance carried forward. On that adjustment, no further tax survives to support interest or penalty. The matter also did not call for remand, because the substantive controversy was already covered by an earlier Division Bench ruling on the same scheme and a fresh remand would have served no useful purpose. en-us Fri, 01 May 2015 00:00:00 +0530 Fri, 28 Aug 2015 07:55:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263215 Under the VAT scheme, admissible input tax credit, once determined on assessment, may be set off against the dealer's current-year output tax liability; any remaining credit may then be adjusted against central sales tax liability, with only the balance carried forward. On that adjustment, no further tax survives to support interest or penalty. The matter also did not call for remand, because the substantive controversy was already covered by an earlier Division Bench ruling on the same scheme and a fresh remand would have served no useful purpose. Case-Laws VAT and Sales Tax Fri, 01 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263215