TVAT Act 11अध्याय 0 · Preliminary
धारा 11 · Input tax credit exceeding tax liabilit
अक्षर आकार — स्तर 1, कुल 4 में से
(1)
If the input tax credit of a registered dealer other than an exporter selling goods outside the territory of India determined under section 10 of this Act for a period exceeds the output tax for that period, the excess credit shall be set off against any outstanding tax, penalty or interest under this Act or CST Act, 1956.(2)
The excess input tax credit after adjustment under sub-section (1) may be carried over as an input tax credit to the subsequent period or periods but shall not be carried beyond the end of next financial year.इस धारा पर आपका निजी नोट
यह नोट सिर्फ़ आप देख सकते हैं।