Unutilized VAT Credit is allowed to be transitioned under the GST regime
Last updated: 04 June 2024
Court :
Madras High Court
Brief :
The Hon'ble Madras High Court in the case of M/s. Radhikka Ceramic World v. State Tax Officer [Writ Petition (MD) No. 1098 of 2021 dated April 04, 2024] held that the amount of advance tax that was un-utilized under the Value Added Tax ("VAT") or the Tamil Nadu Value Added Tax Act, 2006 ("the TNVAT Act"), has to be allowed to be transitioned under Section 140 of the Tamil Nadu Goods and Services Tax Act, 2017 ("the TNGST Act").
Citation :
Writ Petition (MD) No. 1098 of 2021 dated April 04, 2024
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Bimal Jain
Published in GST
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