Cited Laws
TL;DR — Ruling
WHEREFORE , premises considered, [VSPI's] Motion for Reconsideration (RE: Decision dated 26 May 2017) is PARTIALLY GRANTED . Accordingly, the dispositive portion of this Court's Decision dated May 26, 2017 is amended to read as follows: " WHEREFORE , in view of the foregoing, the instant Petition for Review is PARTIALLY GRANTED . Accordingly, [the CIR] is ORDERED TO REFUND or TO ISSUE A TAX CREDIT CERTIFICATE to [VSPI] in the amount of P4,390,198.
Accordingly, VSPI's motion for reconsideration was submitted for resolution. Ruling of the Court of Tax Appeals Division In an Amended Decision dated August 31, 2018, [30] the CTA Division partially granted VSPI's motion for reconsideration and thus partially granted its claim for refund or tax credit to the extent of PHP 4,390,198.45, viz .: WHEREFORE , premises considered, [VSPI's] Motion for Reconsideration (RE: Decision dated 26 May 2017) is PARTIALLY GRANTED . Accordingly, the dispositive portion of this Court's Decision dated May 26, 2017 is amended to read as follows: " WHEREFORE , in view of the foregoing, the instant Petition for Review is PARTIALLY GRANTED . Accordingly, [the CIR] is ORDERED TO REFUND or TO ISSUE A TAX CREDIT CERTIFICATE to [VSPI] in the amount of P4,390,198.45 representing its unutilized input VAT for the 4 th quarter of CY 2013, attributable to its zero-rated receipts for the same period. SO ORDERED.