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JurisprudenceG.R. No. 205055 -

G.R. No. 205055 - COMMISSIONER OF INTERNAL REVENUE, VS. TEAM SUAL CORPORATION (FORMERLY MIRANT SUAL CORPORATION).D E C I S I O N - Supreme Court E-Library

En Banc

Cited Laws

RA 504RA 567RA 1125,RA 398RA 9337,RA 336RA 28RA 49RA 305
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TL;DR — Ruling

WHEREFORE, the instant Petition for Review is hereby PARTIALLY GRANTED. Accordingly, respondent is hereby ORDERED to REFUND or to ISSUE A TAX CREDIT CERTIFICATE in the amount of SEVENTY EIGHT MILLION NINE THOUSAND EIGHT HUNDRED NINETY ONE PESOS AND 56/100 (P78,009,891.56) to petitioner, representing unutilized excess input VAT attributable to its effectively zero-rated sales to NPC for the four quarters of taxable year 2004. SO ORDERED.

Decision

Ruling

WHEREFORE, the instant Petition for Review is hereby PARTIALLY GRANTED. Accordingly, respondent is hereby ORDERED to REFUND or to ISSUE A TAX CREDIT CERTIFICATE in the amount of SEVENTY EIGHT MILLION NINE THOUSAND EIGHT HUNDRED NINETY ONE PESOS AND 56/100 (P78,009,891.56) to petitioner, representing unutilized excess input VAT attributable to its effectively zero-rated sales to NPC for the four quarters of taxable year 2004. SO ORDERED.