2021 (5) TMI 560

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.....R.Senniappan For Respondent: Mr.R.Swarnavel Government Advocate ORDER The petitioner has challenged the impugned order dated 28.03.2016. 2. By the impugned order, the taxable turn over has been determined as Rs. 18,37,435/- and the tax due on the aforesaid amount has been determined as Rs. 2,66,428/- as detailed below:- Turnover now determined : Rs. 18,37,435.00 Tax due now l....

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....ported in form WW that they have received discount for Rs. 17,71,211/- under the VAT Act 2006 for the year 2013- 2014. The discount received are liable for reversal of ITC under section 19(20) of the VAT Act 2006. Hence the ITC is reversed as follows:- 1) Other income Rs. 18,37,435/- x 14.5% = Rs. 2,66,428/- 2) Discount received Rs. 17,71,2111/-x14.5% = Rs. 2,56,826/- &n....

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.... from ) Rs. 18,27,754/- Seshasayee Paper & Boards Ltd.)   Miscellaneous such as credit folios written off)   Bad debts recovered etc.) Rs. 9,681/-   -----------------   Rs. 18,37,435/-   ----------------- From the above it is clear that for the cash discount received and commission received the provisions of the TNVAT is not ....

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.... of the TNVAT Act, 2006, I direct the respondent to dispose the same on merits in accordance with law. 7. Therefore, I dispose this writ petition by directing the respondent to pass appropriate orders on merits in the rectification application filed by the petitioner. Appropriate orders may be passed in accordance with law after hearing the petitioner within a period of three months from the da....