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TMI BlogInput credit is disallowed by th Asst CommissionerX X X X Extracts X X X X X X X X Extracts X X X X ..... My client has running the trading unit in madurai , during the month of March 2013 he is having input credit Tax (ITC) value of Rupees 1,12,000 out put Tax is 1,18,300 balance tax he had deposited to the department but Asst commission has refused his input Tax credit and , Asst wants to collect input Tax credit payment of Rs., 112000 weather dealer is eligible to take Input tax credit or h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e has to pay ? If is credit is allowing any case law is there in Tamil Nadu VAT ? - Reply By Mritunjay Kumar - The Reply = Yes, when the credit is available, the assessee is very much eligible to avail the benefit of Rs. 1,12, 000/- . But, as the question is put by you, it seems incomplete. You have not mentioned the reason(s) given by the Assistant Commissioner for denial of benefit of credit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . - Reply By MARIAPPAN GOVINDARAJAN - The Reply = The contents of Shri Mritunjah Kumar is correct. The query is incomplete. Whether the input tax credit is in accordance with the TN VAT Act? Another point is as pointed out by learned friend what are the reasons adduced by the Assistant Commissioner in rejecting the input tax credit. The querist is to give detailed version of query. - Inpu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t credit is disallowed by th Asst Commissioner - Query Started By: - MUNIRAJ SRINIVASAN Dated:- 8-10-2013 Value Added Tax - VAT-CST - Got 2 Replies - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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