https://www.taxtmi.com/caselaws?id=442431 Input tax credit already adjusted against later tax liability cannot be reused to satisfy the 25% pre-deposit required for an appeal under the Tamil Nadu VAT Act. The Madras HC noted that, because the credited amount had been absorbed in succeeding years, no balance remained in the input tax credit account for adjustment against the statutory pre-deposit. The request to compel numbering of the appeal on that basis was therefore without merit, and the writ petition failed. en-us Wed, 16 Aug 2023 00:00:00 +0530 Sat, 02 Sep 2023 07:48:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442431 Input tax credit already adjusted against later tax liability cannot be reused to satisfy the 25% pre-deposit required for an appeal under the Tamil Nadu VAT Act. The Madras HC noted that, because the credited amount had been absorbed in succeeding years, no balance remained in the input tax credit account for adjustment against the statutory pre-deposit. The request to compel numbering of the appeal on that basis was therefore without merit, and the writ petition failed. Case-Laws VAT and Sales Tax Wed, 16 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442431