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8. Tax credit not allowed.—
(1)
Notwithstanding anything contained in this Act, a registered person shall
not be entitled to reclaim or deduct input tax paid on --
(a)
the goods used or to be used for any purpose other than for the
manufacture or production of taxable goods or for taxable supplies made or to be
made by him;
(b)
any other goods which the Federal Government may, by a notification in
the official Gazette, specify; and
(c)
on the goods under sub-sections (1A) and (5) of section 3.
(2)
If a registered person deals in taxable and non-taxable supplies, he can
reclaim only such proportion of the input tax as is attributable to taxable
supplies in such manner as may be specified by the Board.
(3)
No person other than a registered person shall make any deduction or
reclaim input tax in respect of taxable supplies made or to be made by him.
(4)
No person engaged in taxable activity specified in section 3A shall make
any deduction or reclaim input tax, nor shall this tax be creditable as input
tax for the taxable activity of any other registered person.
(5)
Notwithstanding anything contained in any other law for the time being in
force or any decision of any Court, for the purposes of this section, no input
tax credit shall be allowed to the persons who paid fixed tax under any
provisions of this Act as it existed at any time prior to the first day of
December, 1998.
(6)
Notwithstanding anything contained in any other law for the time being in
force or any provision of this Act, the Federal Government may, by notification
in the official Gazette, specify any goods or class of goods which a registered
or enrolled person cannot supply to any person who is not registered or enrolled
under this Act.
(7)
Notwithstanding anything contained in any of the provision of this Act,
the Federal Government may, by notification in the official Gazette, specify any
goods or class of goods in respect of which the provision of section 3A shall
not apply.
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