Madras HC Upholds 14.5% VAT as Capital Goods Were Not Used Within State

Advertisement Kosei Minda Aluminum Company Private Limited Vs Principal Commissioner of Commercial Taxes (Madras High Court) The Madras High Court dismissed a writ petition challenging an assessment order dated 29.03.2023, which imposed VAT at 14.5% on inter-State sales effected without furnishing C-Forms. The petitioner contended that the assessing authority had wrongly relied on an advance ruling and argued that, following the amendment to Section 8 of the Central Sales Tax Act, 1956, the applicable rate should be the rate prescribed for capital goods under the Tamil Nadu Value Added Tax ...