VAT ITC Denied on Zero Rated Sales: Madras HC Remits to Issue Fresh Order quashing Reassessment Order [Read Order]

The matter was disposed of instructing the petitioner to submit a detailed response, providing details of the Zero Rated Sales for which Input Tax Credit was claimed
By Navasree A.M - On September 27, 2024 9:53 am - 2 mins read
Madras High Court - Madras HC - VAT - ITC - Input Tax Credit - Zero Rated Sales - Reassessment Order - Fresh Order- TAXSCAN

The Madras High Court has quashed a reassessment order and remitted the matter back for fresh consideration in a case involving denial of Input Tax Credit (ITC) on zero-rated sales under the Tamil Nadu Value Added Tax (TNVAT) Act, 2006. The petitioner, Tvl. Fresh and Honest Cafe Limited, a registered dealer of coffee beans, seed,…

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