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What are the conditions/restrictions for distribution of credit?


The distribution of credit would be done subject to the following conditions:

  1. Credit should be distributed through tax invoice or other document as prescribed;
  2. Amount of credit distributed should not exceed the amount of credit available;
  3. Credit should be distributed only to such suppliers to whom such services are attributable;
  4. Credit in respect of services attributable to more than one supplier should be distributed proportionately on the basis of turnover of respective supplier during the preceding financial year.
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