https://www.taxtmi.com/caselaws?id=334654 Reversal of input tax credit in a CST assessment could not be sustained where the pre-revision notice did not clearly state the statutory basis for the proposed action and the dealer was not given a proper opportunity to object and be heard. Although section 9(2) of the CST Act permits use of State machinery for assessment and collection, the credit reversal had to be carried out under the Tamil Nadu VAT regime, with clear notice of the proposed reversal and the consequential tax treatment. The assessment was set aside and the matter remanded for fresh consideration after inviting objections, granting personal hearing, and verifying the records. en-us Wed, 02 Nov 2016 00:00:00 +0530 Fri, 18 Nov 2016 09:55:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334654 Reversal of input tax credit in a CST assessment could not be sustained where the pre-revision notice did not clearly state the statutory basis for the proposed action and the dealer was not given a proper opportunity to object and be heard. Although section 9(2) of the CST Act permits use of State machinery for assessment and collection, the credit reversal had to be carried out under the Tamil Nadu VAT regime, with clear notice of the proposed reversal and the consequential tax treatment. The assessment was set aside and the matter remanded for fresh consideration after inviting objections, granting personal hearing, and verifying the records. Case-Laws VAT and Sales Tax Wed, 02 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334654