https://www.taxtmi.com/caselaws?id=390045 Purchase tax liability under the Tamil Nadu VAT Act was treated as duly discharged where the assessee adjusted it through available monthly credit and remitted the balance, so the assessing authority could not reject the set-off merely because of the return methodology. Input tax credit was also protected because worn-out jewellery and bullion sent outside the State for job-work and later brought back for sale could not attract reversal merely due to the out-of-State manufacturing location. As the additions on those issues failed, the consequential penalty could not survive and was unsustainable. en-us Mon, 22 Jul 2019 00:00:00 +0530 Tue, 21 Jan 2020 12:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390045 Purchase tax liability under the Tamil Nadu VAT Act was treated as duly discharged where the assessee adjusted it through available monthly credit and remitted the balance, so the assessing authority could not reject the set-off merely because of the return methodology. Input tax credit was also protected because worn-out jewellery and bullion sent outside the State for job-work and later brought back for sale could not attract reversal merely due to the out-of-State manufacturing location. As the additions on those issues failed, the consequential penalty could not survive and was unsustainable. Case-Laws VAT and Sales Tax Mon, 22 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390045