alleryStart learning →Unutilised input credit refund under Section 54(3) is claimed when?
AOn annual return date
BAt financial year end
CAfter assessment order
DAt end of any tax period
Answer & Solution
Correct answer: D. At end of any tax period
Section 54(3) lets a registered person claim unutilised input tax credit at the end of any tax period, subject to sub-section (10).
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