https://www.taxtmi.com/caselaws?id=376418 A tax concession granted by notification under Section 30 of the Tamil Nadu Value Added Tax Act, 2006 must be strictly construed and applied only on its express conditions; because the reduced rate for RCC pipes was limited to pipes manufactured without input tax credit on cement, the assessee could not claim the concessional rate while availing that credit. Wrongful availment of input tax credit brought the case within Section 27(2), and the statutory penalty under Section 27(4) therefore followed. The revision was dismissed and the denial of concessional rate as well as the penalty were upheld. en-us Thu, 31 Jan 2019 00:00:00 +0530 Sat, 09 Mar 2019 08:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376418 A tax concession granted by notification under Section 30 of the Tamil Nadu Value Added Tax Act, 2006 must be strictly construed and applied only on its express conditions; because the reduced rate for RCC pipes was limited to pipes manufactured without input tax credit on cement, the assessee could not claim the concessional rate while availing that credit. Wrongful availment of input tax credit brought the case within Section 27(2), and the statutory penalty under Section 27(4) therefore followed. The revision was dismissed and the denial of concessional rate as well as the penalty were upheld. Case-Laws VAT and Sales Tax Thu, 31 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376418