https://www.taxtmi.com/caselaws?id=406145 TDS deducted under the Tamil Nadu Value Added Tax Act, 2006 was treated as a statutory advance collection of tax, credited in the deductee's account and adjusted against works contract tax liability under the pre-GST regime. On that footing, the article concludes that the deducted amount retains the character of tax credit and can be transitioned under section 140 of the Tamil Nadu Goods and Services Tax Act, 2017. It further notes that the charging, assessment, and transitional provisions support inclusion of accumulated VAT credit, and that a narrow construction excluding such amounts would distort the pre-GST scheme and the transition provision. en-us Fri, 26 Feb 2021 00:00:00 +0530 Tue, 25 Mar 2025 11:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406145 TDS deducted under the Tamil Nadu Value Added Tax Act, 2006 was treated as a statutory advance collection of tax, credited in the deductee's account and adjusted against works contract tax liability under the pre-GST regime. On that footing, the article concludes that the deducted amount retains the character of tax credit and can be transitioned under section 140 of the Tamil Nadu Goods and Services Tax Act, 2017. It further notes that the charging, assessment, and transitional provisions support inclusion of accumulated VAT credit, and that a narrow construction excluding such amounts would distort the pre-GST scheme and the transition provision. Case-Laws GST Fri, 26 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406145