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Section-7: Deduction of Input Tax from Output Tax Determination of Tax Liability ☐ A registered person can deduct input tax paid or payable during the tax period for the purpose of taxable supplies made, or to be made, by him from the output tax ☐ Input tax not deducted within relevant period, may be claimed / adjusted in the return for any of the six succeeding tax periods. ☐ Deduction of input tax from the output tax is admissible if registered person holds a tax invoice & goods declaration in his name and bearing his registration number. ☐ Goods purchased in auction, the buyers hold treasury challan in his name and bearing his registration number MOORE Shekha Mufti 38

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