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Can a dealer whose input tax credit exceeds the output tax payable in a tax period or in a year claim refund of the excess credit?

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Can a dealer whose input tax credit exceeds the output tax payable in a tax period or in a year claim refund of the excess credit?

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Yes. The dealer can claim the excess. Since the rate of tax on input and sales is the same in the case of a dealer, there will only be value addition and there may not be a situation where the input tax credit exceeds the output tax payable.

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