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Adjustments / Deduction of Input Tax from Output Tax- Determination of Tax Liability- Section 15 ☐ A registered person can deduct input tax paid or payable during the tax period for the purpose of taxable services made, or to be made, by him from the output tax and to make such other adjustments ☐ 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. MOORE Shekha Mufti 79

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