https://www.taxtmi.com/caselaws?id=423767 A curative and declaratory amendment to Section 19(2) of the Tamil Nadu Value Added Tax Act operates retrospectively, so input tax credit remains intact once the statutory conditions for accrual are satisfied. On that basis, the right to credit becomes absolute when inputs are used in manufacture or processing within the State, and the later inter-State or intra-State sale of the finished goods does not defeat that entitlement. The assessment reversing input tax credit under Section 19(2)(v) was therefore unsustainable and was set aside, leaving the dealer entitled to the claimed relief. en-us Tue, 07 Jun 2022 00:00:00 +0530 Wed, 15 Jun 2022 09:16:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423767 A curative and declaratory amendment to Section 19(2) of the Tamil Nadu Value Added Tax Act operates retrospectively, so input tax credit remains intact once the statutory conditions for accrual are satisfied. On that basis, the right to credit becomes absolute when inputs are used in manufacture or processing within the State, and the later inter-State or intra-State sale of the finished goods does not defeat that entitlement. The assessment reversing input tax credit under Section 19(2)(v) was therefore unsustainable and was set aside, leaving the dealer entitled to the claimed relief. Case-Laws VAT and Sales Tax Tue, 07 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423767