Provisional refund

Tax2005147 sections

Statutory text

(1) A registered dealer claiming refund of input tax under the terms of this Act may make an application to the Commissioner in the prescribed form. (2) On receipt of an application under sub-section (1), the Commissioner may, after necessary verification, grant provisional refund after deducting the amount of claim already found due or any other amount due under this Act or Central Sales Tax Act, 1956. (3) The Commissioner shall grant such refund within the period prescribed: Provided that the Commissioner may require the dealer to furnish a security for the amount of refund granted. (4) If on final assessment, the amount of refund is found to be less than the amount of provisional refund granted, the difference shall be treated as tax due from the dealer and shall be recovered from him as arrears of land revenue along with interest from the date of refund.

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