Where any purchaser, being a registered dealer, has been issued with a credit note or debit note in terms of sub-section (1) of section 20 or if her returns or rejects goods purchased as a consequence of which the input tax credit availed by him in any period in respect of which the purchase of goods relates becomes less or excess, he shall compensate such less credit or excess credit by adjusting the amount of tax credit allowed to him in respect of the tax period in which the credit note has been issued or goods are returned subject to conditions as may be prescribed.
Section 15: Adjustment of input tax credit
The Meghalaya Value Added Tax Act 2003 (Act No.2 of 2005).pdfState Act of Meghalaya · Act 2 of 2005
Where this provision sits
| Act | The Meghalaya Value Added Tax Act 2003 (Act No.2 of 2005).pdf |
|---|---|
| Section | 15 |
| Marginal note | Adjustment of input tax credit |
| Jurisdiction | State of Meghalaya |
| Status | In force as published by the source |
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