reverse tax definition
reverse tax means that portion of input tax on the goods for which credit has been availed but such goods are used subsequently for any purpose other than resale or manufacture of taxable goods or execution of works contract or use as container or packing materials within the State;
reverse tax means that part of the input tax for which credit has been availed in contravention of the provisions of section 18;
reverse tax means that portion of input tax on the value of goods purchased for which credit has been availed by a dealer to which he is not entitled under sub-section (9) of Section 20;’;