Amendment status not verified — confirm the current text below against the official source.
Where the lnput Service Distributor distributes the credit in controvention of the provisions contoined in section 20 resulting in excess distribution o{ credit to one or more recipients o{ credit, the excess credit so distributed sholl be recovered from such recipients olong with interest, ond the provisions of sedion 73 or section 74, os tre cose moy be, sholl, mutotis mutandis, ap- ply for determinotion of omount to be recovered. CHAPTER - VI REGISTRATION Every supplier moking o toxoble supply of goods or seMces or both in the Stote sholl be lioble to be registered under this Act i, his oggregote turnover in o {inonciol yeor exceeds ten lokh rupees. Every person who, on the doy immediotely preceding the oppointed doy, is registered or holds o license under on existing low shollbe liobleto be registered under thisAct with effea from the oppointed doy. Where o business corried on by o toxoble person registered under thisAct is tronsferred, whether on occount of succession or other- wise, to onother person os o going concern, the tronsferee or the successot os the cose moy be, sholl be lioble to be registered with effect from the dote of such tronsrer or succession. Notwithstonding onything conto- ined in sub-sections (l ) ond (3), in o cose of tronsfer pursuont to sonction of o scheme or on Monner of recovery of credit dislributed in excess. Persons Iiable for registrotion