https://www.taxtmi.com/caselaws?id=436571 The Division Bench of the Court held that the reversal of Input Tax Credit (ITC) for sales to Special Economic Zones (SEZ) units under the CST Act was erroneous. It clarified that Zero Rate and refund benefits under Section 18 of the TNVAT Act are independent, with export not being a prerequisite for Zero Rate sales. The impugned circular was set aside, emphasizing that Section 18 cannot be restricted by notifications under Section 30. The case was remanded, directing the respondent to issue a notice, provide a hearing, and pass orders in line with the Court's decision within twelve weeks. en-us Thu, 30 Mar 2023 00:00:00 +0530 Mon, 17 Apr 2023 08:04:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436571 The Division Bench of the Court held that the reversal of Input Tax Credit (ITC) for sales to Special Economic Zones (SEZ) units under the CST Act was erroneous. It clarified that Zero Rate and refund benefits under Section 18 of the TNVAT Act are independent, with export not being a prerequisite for Zero Rate sales. The impugned circular was set aside, emphasizing that Section 18 cannot be restricted by notifications under Section 30. The case was remanded, directing the respondent to issue a notice, provide a hearing, and pass orders in line with the Court's decision within twelve weeks. Case-Laws VAT and Sales Tax Thu, 30 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436571