Provided that when an appeal or revision has been filed, the period of limitation shall run from the date on which the amount due is finally determined.

Refund —

1. (1) Subject to other provisions of this Act and the Rules made thereunder, the prescribed authority shall, refund to a dealer the amount of tax, penalty and interest, if any paid by such dealer in excess of the amount due from him.
2. (2) Where any refund is due to any dealer according to return furnished by him for any period, such refund may provisionally be adjusted by him against the tax due or tax payable as per the returns filed under Section 29 for any subsequent period in the year: Provided that, the amount of tax or penalty, interest or sum forfeited or all of them due from, and payable by the dealer on the date of such adjustment shall first be deducted from such refund before adjustment. (3)(i) * Where any excess input tax credit for a financial year is carried forward for adjustment against the tax due for subsequent tax preiod or periods and such credit or parts thereof remain unadjuster ever after a period of 24 months from teh close of teh year for tax perioed for whcih the return showing the excess input tax credit, the dealrer may opt to claim refund of teh amout of such excess linput tax by way of assessment, re-assessment or audit assessment. 3(ii) * Wher a dealer opts for such refund under sub-section 3(1), he shall make an application to the effect to the prescribed authority within such time and such manner as may be prescribed. 3(iii) * any refund covered under this sub section shall be granted in such manner and subjet to such conditions and restrictions as my be prescribed. *( Added vide Noti. No. LG- 5/2014-49 dated 19.09.2014)