2022 (12) TMI 964

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.... Pleader : Ms.A.Suganya [R2] ORDER The issue arising in these writ petitions relates to the refund of input tax credit (ITC) under the provisions of the Tamil Nadu Value Added Tax Act, 2006 (in short 'Act'). The petitioner had entered into an memorandum of understanding (MoU) with the Government of Tamil Nadu for setting up of a ultra mega power project in SIPCOT. 2. The MoU provides for various incentives including the refund of ITC. Para 5(f) (ii) of MoU reads as follows: (f) Refund of Input VAT: ..... (ii) For the Proposed Ultra Mega Project: Input VAT for purchase made in Tamil Nadu shall be refunded as Investment Promotion Subsidy for a period concurrent with the period of Output VAT + CST refund. Inputs eligible for V....

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.... 2019 30977 of 2019 30980 of 2019   Year 2011-12 2012-13 2013-14 2014-15 2015-16 Sl. No. Particulars Amount 1 Refund Claimed 2,18,64,400 12,08,09,715 1,90,95,971 4,45,55,430 2,41,84,460 2 Refund Allowed 1,50,38,718 7,13,84,889 1,50,01,879 4,14,76,024 1,80,57,148 3 Refund Rejected (A+B+C+D+E) 68,25,682 4,94,24,826 40,94,092 30,79,406 61,27,312   A MOU Vendor claim 3,31,060 1,96,35,282 2,02,372 17,24,350 32,46,600 B Excess claim made than Annexure-I 23,31,252 13,85,594 7,17,430 - - C CST Purchases         50,989   Refund not contested (A+B+C) 26,62,312 2,10,20,876 9,19,802 17,24,350 32,97,589 D Ineligi....

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....le claim beyond 90 days under Section 19(11) of TNVAT Act - 24,83,069 19,13,121 19,04,237 37,698 G Vendor paid less tax - 1,85,318 2,95,999 8,74,969 - H Reversal u/s 19 5(c) of the TNVAT Act - 60,427 93,576 - -   Refund Contested (E+F+G+H) 9,081 32,81,246 23,03,865 28,00,812 74,660   References   Para Number of the Affidavit 18 21 19 17 17   Page Number of the Index dated 24.10.2019 (Impugned Order) 54 79 95 112 126 5. The matter was adjourned on 29.11.2022 after directing the learned Additional Government Pleader, who appears for the State, to produce the records relating to and culminating into MoU dated 07.07.2008, entered into between the Stat....