Amendment status not verified — confirm the current text below against the official source.
In the principal Act, in section 15, in sub-section (2), at the end, the punctuation mark coma "." shall be substituted by the punctuation mark colon ":" and thereafter, the following proviso shall be inserted, namely:- "Provided that if a registered dealer has an excess tax credit for twenty four consecutive months, he shall make an application for refund of such unadjusted input tax credit and the Prescribed Authority shall ordinarily refund him the excess credit within three months of the receipt of the application."