https://www.taxtmi.com/caselaws?id=435498 The judgment clarified the interpretation of "Zero Rate Sale" under the TNVAT Act, identifying qualifying transactions and emphasizing the distinction between Zero Rate Sale and exemption. It rejected the challenge to Circular No. 9/2013, highlighting that circulars cannot override statutory provisions. The decision emphasized the eligibility for Input Tax Credit and refund under Section 18, clarifying conditions for claiming benefits. It specified that Section 18(2) conditions apply only when claiming a refund, not for Zero Rate Sale to SEZs. The judgment also addressed the treatment of works contracts and the interaction between Section 18 and notifications under Section 30, allowing claimants to avail the larger benefit when two are available. en-us Tue, 28 Feb 2023 00:00:00 +0530 Mon, 11 Sep 2023 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435498 The judgment clarified the interpretation of "Zero Rate Sale" under the TNVAT Act, identifying qualifying transactions and emphasizing the distinction between Zero Rate Sale and exemption. It rejected the challenge to Circular No. 9/2013, highlighting that circulars cannot override statutory provisions. The decision emphasized the eligibility for Input Tax Credit and refund under Section 18, clarifying conditions for claiming benefits. It specified that Section 18(2) conditions apply only when claiming a refund, not for Zero Rate Sale to SEZs. The judgment also addressed the treatment of works contracts and the interaction between Section 18 and notifications under Section 30, allowing claimants to avail the larger benefit when two are available. Case-Laws VAT and Sales Tax Tue, 28 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435498