Section 14: Reversal of tax credit

Tamil Nadu Value Added Tax Act, 2006State Act of Tamil Nadu · Act 32 of 2006

. (1). Where a purchasing dealer has returned the goods to the seller for any reason, the input tax credit claimed already on the purchase by the dealer shall be liable to reversal of tax credit on such goods returned, in the manner as may be prescribed.

(2) Where a selling dealer has received back the goods as a result of sales return or unfructified sale, the output tax paid or payable thereon will be reduced, adjusted or refunded in the manner as may be prescribed.

Where this provision sits

Act	Tamil Nadu Value Added Tax Act, 2006
Section	14
Marginal note	Reversal of tax credit
Jurisdiction	State of Tamil Nadu
Status	In force as published by the source

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