2017 (10) TMI 257

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....l Nadu Value Added Tax Act, 2006 ( TNVAT Act  in short) and Central Sales Tax Act, 1956 ( CST Act  in short). The petitioner is engaged in the manufacture of hosiery garments. The petitioner's case is that they purchase inputs from registered dealers within the State of Tamil Nadu on payment of tax under the TNVAT Act and such tax-suffered inputs are used by the petitioner in the manufacture of final products and such final products are sold by the petitioner within the State of Tamil Nadu as a local sale and outside the State on inter-state sale basis. So far as the inter-state sales is concerned, they are supported by Form-C declarations which fall under Section 8(1) of the CST Act attracting tax at the rate of 2% and those ....

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....r (supra), the same is liable to be set aside. So far as the reversal of input tax credit under Section 19(5)(a) is concerned, the petitioner is not contesting the claim as the amount involved is a meagre sum. Thus the case of the petitioner solely rests upon the decision in the case of Everest Industries Limited v. State of Tamil Nadu and another (supra). 5.The learned Government Advocate appearing for the respondent would submit that as against the decision in Everest Industries Limited, the Department has preferred an appeal before the Division Bench in W.A.SR.No.30184/2017, however the appeal is yet to be numbered and it appears that the appeal papers have been returned for certain compliance. Therefore, it is his submission that the....