section 19
** Input tax credit exceeding tax liability
The Jharkhand Value Added Tax Act, 2005Tax2005101 sections11 chapters
Chapter III THE INCIDENCE, LEVY AND RATE OF TAX
Statutory text
- (1) If the input tax credit of a registered dealer other than an exporter selling goods outside the territory of India determined under Section 18 of this Act for a period, exceeds the tax liability for that period, the excess credit shall be set off against any outstanding tax payable, penalty or interest payable under this Act as well as CST Act
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