Section 13, The Finance Act, 2015

Section 41 of the Goods and Services Tax Act, 2009 is amendedin subsection (1) by inserting the following new paragraph immediately after paragraph (b)- “(c) notwithstanding subsection (1) of section 41, a GST refund or input GST credit shall be utilized to offset current and future GST claims within a three year period and unutilized GST credit shall be deemed ineligible and written off after the third year.” of section 31 2009. of section 37 Act No.6 of 2009. of section 41 2009. No. 15 Finance Act 2014 No. 15 Finance Act 20148