https://www.taxtmi.com/caselaws?id=331017 Section 18 of the Tamil Nadu Value Added Tax Act, 2006 did not prescribe any statutory sequence for giving preference to input tax credit between local sales, inter-State sales and zero-rated sales. In that setting, the authority could not reject the assessee's adjustment method merely because it preferred a different order of set-off. However, the Madras HC did not finally decide whether the assessee's sequence was correct on the merits, because the assessment had not examined the issue fully. The assessments were therefore required to be redone by the assessing authority after notice and hearing. en-us Mon, 01 Aug 2016 00:00:00 +0530 Tue, 28 Mar 2017 11:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331017 Section 18 of the Tamil Nadu Value Added Tax Act, 2006 did not prescribe any statutory sequence for giving preference to input tax credit between local sales, inter-State sales and zero-rated sales. In that setting, the authority could not reject the assessee's adjustment method merely because it preferred a different order of set-off. However, the Madras HC did not finally decide whether the assessee's sequence was correct on the merits, because the assessment had not examined the issue fully. The assessments were therefore required to be redone by the assessing authority after notice and hearing. Case-Laws VAT and Sales Tax Mon, 01 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331017