Amendment status not verified — confirm the current text below against the official source.
Substituted vide Amendment Act (7 of 2019) published in the Official Gazette Series I No. 47 (Extroardinary-3) dated 26-02-2019 the original expression read as follows:-“(2) After adjustment under sub-section (1), the excess input tax credit of a registered dealer other than those covered under sub-section (3), shall be carried over as an input tax credit to the subsequent period upto the end of the respective financial year and if there is any unadjusted input tax credit thereof, the same shall be refunded in the prescribed manner within a period of three months from the date of filing of the last quarterly return of the respective financial year or from the date of filing an application by the dealer claiming such refund, whichever is later.”