https://www.taxtmi.com/caselaws?id=393338 The court held that the petitioner, engaged in inter-state sales, was entitled to claim input tax credit without limitations under Section 19(1) of the TNVAT Act, challenging the applicability of restrictions under Section 19(2)(v). The court noted statutory amendments aimed at enhancing competitiveness and clarified that the restrictions on tax credit were not intended for manufacturers availing ITC under Section 19(1). The impugned order requiring reversal of ITC was deemed unsustainable, leading to a remand for a fresh order in line with statutory provisions and judicial interpretations, highlighting the importance of clarity and consistency in tax laws. en-us Thu, 23 Jan 2020 00:00:00 +0530 Fri, 13 Mar 2020 10:43:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393338 The court held that the petitioner, engaged in inter-state sales, was entitled to claim input tax credit without limitations under Section 19(1) of the TNVAT Act, challenging the applicability of restrictions under Section 19(2)(v). The court noted statutory amendments aimed at enhancing competitiveness and clarified that the restrictions on tax credit were not intended for manufacturers availing ITC under Section 19(1). The impugned order requiring reversal of ITC was deemed unsustainable, leading to a remand for a fresh order in line with statutory provisions and judicial interpretations, highlighting the importance of clarity and consistency in tax laws. Case-Laws VAT and Sales Tax Thu, 23 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393338