https://www.taxtmi.com/caselaws?id=348353 Refund of reversed input tax credit required administrative reconsideration under the proviso to Section 19(2) of the Tamil Nadu Value Added Tax Act, 2006. The proviso was interpreted as limiting the 3% restriction to transactions covered by clause (v). Pending appeals against that interpretation did not suspend its binding effect because no stay had been granted. The tax authorities were therefore required to examine the taxpayer's refund representation on merits and in accordance with law within the stipulated time, without determining the substantive refund entitlement. en-us Thu, 17 Aug 2017 00:00:00 +0530 Thu, 21 Sep 2017 07:05:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348353 Refund of reversed input tax credit required administrative reconsideration under the proviso to Section 19(2) of the Tamil Nadu Value Added Tax Act, 2006. The proviso was interpreted as limiting the 3% restriction to transactions covered by clause (v). Pending appeals against that interpretation did not suspend its binding effect because no stay had been granted. The tax authorities were therefore required to examine the taxpayer's refund representation on merits and in accordance with law within the stipulated time, without determining the substantive refund entitlement. Case-Laws VAT and Sales Tax Thu, 17 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348353