Input Tax Credit erroneously stated in final order hence matter remanded: Madras HC

Tvl. Sripathi Paper and Boards Private Limited Vs Assistant Commissioner (ST) (Madras High Court) Madras High Court held that Input Tax Credit [ITC] amount erroneously stated in final portion of the order accordingly matter remanded for fresh consideration. Facts- The petitioner is engaged in the business of manufacture of paper, paperboard in India with focus on recycled grades and specializes in the manufacture of duplex boards, kraft paper, writing and printing papers. The petitioner is a dealer registered under the TNGST Act and filed its returns periodically by paying appropriate taxes. W...