Input tax credit amendment clarifies payment and interest obligations, and specifies payments must be made to the supplier under provisos. Amendment revises provisos to section 16(2): the second proviso now treats the relevant amounts as paid by the taxpayer together with interest payable under the interest provision, and the third proviso now specifies that payments described as made by the taxpayer must be made to the supplier.
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Input tax credit amendment clarifies payment and interest obligations, and specifies payments must be made to the supplier under provisos.
Amendment revises provisos to section 16(2): the second proviso now treats the relevant amounts as paid by the taxpayer together with interest payable under the interest provision, and the third proviso now specifies that payments described as made by the taxpayer must be made to the supplier.
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