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<h1>Finalization of output tax proceedings: recoverable amounts treated as arrears and excluded from input tax credit eligibility.</h1> Proceedings on output tax liability must be disposed of under the earlier law; amounts becoming recoverable are recoverable as an arrear of tax under the new Act and are not admissible as input tax credit. Amounts found admissible to claimants are to be refunded in cash or under the earlier law as specified, and such refunds are also not admissible as input tax credit.
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