https://www.taxtmi.com/acts?id=2861 Net tax for a tax period equals output tax minus input tax credit minus any carried forward amount. A negative net tax must first be adjusted against Central Sales Tax liability in the same period; any remaining excess may be carried forward to the next calendar month or tax period or claimed as a refund at the end of a tax period, with refunds processed by the Commissioner. Refunds are claimable only at period end and inadvertent excess payments are treated as credit. The provision has been amended to modify carry forward and refund rules. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 29 Apr 2015 12:03:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2861 Net tax for a tax period equals output tax minus input tax credit minus any carried forward amount. A negative net tax must first be adjusted against Central Sales Tax liability in the same period; any remaining excess may be carried forward to the next calendar month or tax period or claimed as a refund at the end of a tax period, with refunds processed by the Commissioner. Refunds are claimable only at period end and inadvertent excess payments are treated as credit. The provision has been amended to modify carry forward and refund rules. Act-Rules VAT - Delhi Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2861