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Interpretation of statute - proviso to Section 19(2)(v) of the ...


High Court Clarifies Reversal of Input Tax Credit Under Tamil Nadu VAT Act to Resolve Misinterpretations by Revenue Authorities.

March 7, 2017

Case Laws     VAT and Sales Tax     HC

Interpretation of statute - proviso to Section 19(2)(v) of the TNVAT Act, 2006 - reversal of input tax credit (ITC) - the proviso, on account of erroneous interpretation by the Revenue, was causing difficulties for the manufacturers, is exemplified by the Statement of Objects and Reasons which was set forth, at the time of introduction of Act 5 of 2015 - HC

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