54Adjustment of refund

54 Adjustment of refund

Where a person has deducted an amount under the provisions of the last two preceding regulations and the Commissioner, a Second Commissioner or a Deputy Commissioner, having regard to evidence furnished to or obtained by him:

(a) is not satisfied that it is necessary, or is of opinion that it is not necessary, to make a refund to that person to obviate double taxation of the sale value of the goods in respect of which that amount was so deducted; or

(b) is of opinion that the amount so deducted is greater or less than the amount which is necessary to obviate double taxation of that sale value;

the Commissioner, Second Commissioner or Deputy Commissioner shall give notice to that person in writing to that effect and that person shall, at the time at which he is required to pay tax in respect of the monthly return or the quarterly return, as the case may be, next due after receipt of that notice:

(c) in a case to which paragraph (a) of this regulation applies — pay to the Commissioner the amount so deducted; or

(d) in a case to which paragraph (b) of this regulation applies — pay to the Commissioner or deduct from the tax payable in respect of that return, as the case may be, the amount by which the amount so deducted is less or greater than the amount which, as stated in that notice, is necessary to be refunded to obviate double taxation.