CST ‘turnover’ cannot be included for determination of tax liability/filing of Returns under TNVAT Act, 2006

Schneider Electric India Pvt.Limited Vs Assistant Commissioner (ST) (Madras High Court) Rule 8 of the TNVAT Rules, 2007 prescribes a method of determination of ‘taxable turnover‘ for the purpose of payment of tax. It is not to be read to mean that CST ‘turnover’ is to be included either for determination of tax liability under the TNVAT Act, 2006 or for filing of Returns under Rule 7 of the TNVAT Rules, 2007 on 12/14 of the succeeding month as the case may be. Thus, “taxable turnover” under Section 2(38) under TNVAT Act, 2006 can include only the “turnover” on w...