Act Info:
In section 19 of the principal Act,-
(1) in the heading after the words "in use", the words "or tax payment scheme" shall be inserted;
(2) after sub-section (2), the following shall be inserted, namely :
"(3) Where a registered dealer after deducting input tax on any goods used in the course of his business, opts for composition of tax under section 15, the input tax deducted on the goods held in stock on the date on which the dealer so opts shall be repayable by the dealer in the tax period following such date and the input tax so repayable shall be calculated on the market value of such goods on such date." ;