https://www.taxtmi.com/caselaws?id=762688 The Madras HC dismissed the Revenue's petition challenging refund claims for Input Tax Credit under Section 18(3) of Tamil Nadu VAT Act, 2006. The court held that refund claims must be filed within 180 days from accrual of Input Tax Credit, not from zero-rate sales date. Since no assessment records existed, accrual couldn't be determined from purchase or export dates. The court emphasized export incentives shouldn't be denied as exports bring foreign exchange. Statutory restrictions only applied post-2010 amendments. The Single Judge's order was upheld. en-us Wed, 23 Oct 2024 00:00:00 +0530 Thu, 05 Dec 2024 21:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762688 The Madras HC dismissed the Revenue's petition challenging refund claims for Input Tax Credit under Section 18(3) of Tamil Nadu VAT Act, 2006. The court held that refund claims must be filed within 180 days from accrual of Input Tax Credit, not from zero-rate sales date. Since no assessment records existed, accrual couldn't be determined from purchase or export dates. The court emphasized export incentives shouldn't be denied as exports bring foreign exchange. Statutory restrictions only applied post-2010 amendments. The Single Judge's order was upheld. Case-Laws VAT / Sales Tax Wed, 23 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762688