Section 31 of DSTA : Section 31: Set-Off

Explanation using Example

Imagine a scenario where a business, "Delhi Furnishings," applies for a certificate of registration under the Delhi Sales Tax Act, 1975, as they are required to do so to legally sell goods in Delhi. They submit all the necessary documents on time, but due to some administrative backlog, the Tax Department delays issuing the certificate beyond the prescribed period.

During this delay, Delhi Furnishings continues to make sales and, as a result, pays sales tax on these transactions. Once the certificate of registration is finally granted, "Delhi Furnishings" finds that...

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