The tax payable by a dealer shall be calculated according to the following formula, namely:--
T = A–B
Where--
T means the tax payable by the dealer,
A means the output tax under this Act, and
B means the total amount of input tax credit allowable to the dealer under section 16 or section 17.
T = A–B
Where--
T means the tax payable by the dealer,
A means the output tax under this Act, and
B means the total amount of input tax credit allowable to the dealer under section 16 or section 17.
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More sections of this act
Section 1 · Short title, extent and commencement.Section 2 · Definitions.Section 3 · Charge of tax.Section 4 · Levy of purchase tax.Section 5 · Liability to pay purchase tax on certain purchases.Section 6 · Non-levy of tax in certain cases.Section 7 · Exemptions.Section 8 · Burden of proof.India Code, Government of India. Text fetched 16 Oct 2026. Check the linked official text and subsequent notifications when applying a provision.