Madras HC Orders Disposal of TNVAT Interest Refund Petition

Syngenta Crop Protection Pvt Ltd Vs Assistant Commissioner (ST) (Madras High Court) The recent judgment by the Madras High Court in the case of Syngenta Crop Protection Pvt Ltd Vs Assistant Commissioner (ST) has significant implications for taxpayers. The court addressed the calculation of interest under the Tamil Nadu Value Added Tax (TNVAT) Act, 2006, compared to the Tamil Nadu General Sales Tax (TN GST) Act, 1959. The petitioner challenged an order dated 09.04.2019, seeking interest payment at 12% per annum on a sum of Rs.6,45,39,516/- for assessment years 1996-97 to 2000-2001. The court al...