https://www.taxtmi.com/caselaws?id=407405 A curative substitution in Section 19(2)(v) of the Tamil Nadu Value Added Tax Act, 2006, which extended input tax credit to inter-State sales under Section 8(2) of the Central Sales Tax Act, was treated as removing an anomaly rather than creating a new benefit. On that reasoning, the amendment was stated to operate retrospectively from the inception of the statute, so the restriction of input tax credit to the later period would create an artificial distinction between similar transactions and defeat the object of the change. The reversal of input tax credit on sales not covered by C Forms was therefore described as invalid, and the assessee succeeded. en-us Wed, 10 Mar 2021 00:00:00 +0530 Sat, 08 May 2021 19:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407405 A curative substitution in Section 19(2)(v) of the Tamil Nadu Value Added Tax Act, 2006, which extended input tax credit to inter-State sales under Section 8(2) of the Central Sales Tax Act, was treated as removing an anomaly rather than creating a new benefit. On that reasoning, the amendment was stated to operate retrospectively from the inception of the statute, so the restriction of input tax credit to the later period would create an artificial distinction between similar transactions and defeat the object of the change. The reversal of input tax credit on sales not covered by C Forms was therefore described as invalid, and the assessee succeeded. Case-Laws VAT and Sales Tax Wed, 10 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407405