https://www.taxtmi.com/caselaws?id=397084 The Tribunal ruled in favor of the petitioner, a company engaged in machinery sales, stating that excess tax collected under the CST Act cannot be forfeited as there is no provision for such forfeiture. The petitioner was entitled to a refund of the excess tax amount deposited. The Tribunal held that the respondent-assessee is eligible for a refund of central sales tax paid, and the provisions of the CST Act do not allow for the forfeiture of excess tax collected. The appeal was dismissed, and the respondents were directed to issue a refund order with interest to the assessee. en-us Fri, 24 Jul 2020 00:00:00 +0530 Sat, 27 Feb 2021 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397084 The Tribunal ruled in favor of the petitioner, a company engaged in machinery sales, stating that excess tax collected under the CST Act cannot be forfeited as there is no provision for such forfeiture. The petitioner was entitled to a refund of the excess tax amount deposited. The Tribunal held that the respondent-assessee is eligible for a refund of central sales tax paid, and the provisions of the CST Act do not allow for the forfeiture of excess tax collected. The appeal was dismissed, and the respondents were directed to issue a refund order with interest to the assessee. Case-Laws VAT and Sales Tax Fri, 24 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397084