Refunds

1[12. The assessing authority shall in the prescribed manner, refund to a registered dealer applying in this behalf any amount of tax paid by such dealer under this Act—

1. (a) if the amount of tax so paid is in excess of the amount due from him under this Act ; or
2. (b) if the amount of tax so paid is in respect of the sale or purchase of any declared goods and such goods are sold in the course of inter-State trade or commerce ; either by a refund voucher or, at the option of the dealer by deduction of the tax so paid from the amount of tax due from him in respect of any other period : Provided that the refund under clause
3. (b) shall be subject to such conditions as may be prescribed : 2[ Provided further that no refund under this section shall be allowed unless the claim for refund is made within a period of three years from the date on which such claim accrues.] Explanation.—For the purposes of this section the expressions “declared goods” and “in the course of inter-State trade or commerce” shall have the meaning assigned to them by clause
4. (c) of section 2 and section 3 respectively of the Central Sales Tax Act, 1956].