In force · As amended up to 2026-08
36. Tax payable by a dealer. —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.
Source: India Code