( 1) /I, l<lxoabte person and" H(ycli:x1& 3Dr):!~.
canual u,cre shall c"leulF,l\e tax P<lyai:l\e on taxabl(l lu"~}\'er i1 (;lCCOfd'lnc", with lIlc r.:lI05 of lax s~iIi~ in ths S<;.hedLlIes.
(ot) II regi5~ ~an !>hil, I ('.'\Iculale ta. po.~yable ail tel.able turoover In = ..d., nee wittl tilo raw of tax: as spccifiFod in the l)"(JiilfUfl\i"n, i53ucd uPld!;lr iection 9.
lB. Condltkln, for iFJput ta\' creqil.-The jr\r. ul tRX cnxlit ~ndar' ~F>ctioll 13 So;;ton 1;~.
of the Ad will be admIssll>I.; 10 a taxablll Il'!f"on, if. such ;J P'll1lon has·.. · (e<} in h!!; ~"ij'>eS~ioll thi) orjgir{ll VAT j[)\I(H<:B, issued to'hirll I,y R talGblc . perlOon, from whom p"rc;~C1ne of s~ch gaml" nas been tf."de, V!flerein tax ch<'lf<;:Htl, hes SO~!~tery b",ffi ~h(Mr- ; amI
(0) m<linl~ inl:'d Propel rocord (If all pu rcl1q.". of g::>Jcls, ollgl ~I" fnr input .tax er~cil "nd all adjll!;t"".nLo ~hereto in c1ronological ardor.
19. Inpl.lr tay. Gtedjl 1;1" i.l8pltal·QOQQs,-{1"j illp..Ji Inx r:~~, ~ha.1I tc.: Hdmi$Sibl", S<;c.li:in ,;~.
in res Jeot 01 ""pMI gOOdS. <I,; pj'!r the ~lc'ti.ions {)f tl'e A,,~: .
Pro'.ide:l 1llat wM,.., r.apttaJ good,; ~re \Ised pCIrLin II! for mBJ1ufaetl/re ,,; L~x.."lblo .. goods .aM parti~II\' for m&nvrtolclure of ~~ f~ ryJor:ls or for job WQr~, input ~x credi~ shall be ",,~lIilbl~ en' fl!l:r.ot<l·l>asi~ tor m",nu'f1;lGwre of tax.ilJt.l .90ods or i>.~ctissing of l" ~A br~ goods for SRI", ana the ~~rn". snail b6 (J,:,tFlrmineO by taking jnta FtCr,ovn( the f<tlil;)
b$leenlile val uo "f laxatJ.le goods ..nd tax (ret: ';jund" manufactured or ",moLJM reroi\Kld or r"""iVRblp. for job wDrf< oo~. dU1inl1lt]ffi peri.od_ , .
~.,- CHI), ADMN (IA:? ~HXTRA_), MAY 26. 2VO<J (JYST5, 192~ SAKA) 631 paid Of) purchases of 9°00'; <luring thet.... pEl,iocl'orre!lJm period ~tter roCloclng lherefmm fue rcvel1le inplJ( tax cred tt, if any ~ Provlded tMt in fl;$po-ct of the 9oods, SP",[:~fj9<J In sllb-s!;>Clion (2) and (:lJ or S"ctoo 13 of 1f1El Act the input t~~ U'e<Jit shllll b.:> J~Jile<;I only :0 the ""t"rot by whier the amount of tax peid ;Il the Union Territory of Ch,,,,digarh e~OH<Jds four perr.",r-.t :
Prt;Nid(;d fulfuer tt-,;,L L'1o purd1~ tux p;lid l!nder ~etio~ '9 of thc Aet, shall 00 cCl'15idercct ~s inp~L tax credtt for fu PlJ~ crt ~bsoquent salH ill re h~do of same PJIWn