Sales Tax Rules, 2006

CHAPTER-III

CREDIT AND DEBIT NOTE AND DESTRUCTION OF GOODS

Sales Tax Rules, 2006 CHAPTER-III CREDIT AND DEBIT NOTE AND DESTRUCTION OF GOODS From: 2025-01-01 - To: 0000-00-00 22. Adjustment of input and output tax.- (1) The buyer shall not be entitled to claim input tax in respect of the supply which has been cancelled or returned to the supplier or in respect of which the amount of tax was reduced. (2) Where the buyer has already claimed input tax credit in respect of such supplies, he shall reduce or increase the amount of input tax by the corresponding amount as mentioned in the Debit Note or Credit Note, as the case may be, in the return for the period in which the respective note was issued. (3) Where the supplier has already accounted for the output tax in the sales tax return for the supplies against which Debit Note was issued subsequently, he may increase or reduce the amount of output tax by the corresponding amount as mentioned in the Debit Note, in the return for the period in which the respective note was issued: Provided that in case of return of supplies by an unregistered person, the adjustment as aforesaid can be made against the Credit Note issued by the supplier. (4) The adjustments as hereinbefore noted which lead to reduction in output tax or increase in 1[input] tax can only be made if the corresponding Debit Note or Credit Note is issued within one hundred and eighty days…