VAT & SD Act 2012
Section 72 - Refund or adjustment of taxes paid in excess
(as updated till Finance Ordinance 2025)
1[(1)] If a person pays taxes in excess of what is shown as payable tax in the return for a tax period, such excess payments may, within such time, on such terms and in such manner as may be prescribed, be claimed as refund through an application or may be shown as a decreasing adjustment 2[within 6 (Six) tax periods] in the next return.
3[(2) If any tax is paid by mistake by an unregistered person, then that Commissionerate may refund that tax in the prescribed manner to which Commissionerate’s economic code the tax has been deposited.]
1 Numbered as sub-section (1) as per section 69 of Finance Act, 2022 (Act No. 13 of 2022).
2 The number, brackets and words “within 6 (six) tax periods” were inserted after the word “subsequently” by section 14 of the Finance Ordinance, 2025 (Ordinance No. 28 of 2025) with effect from 01 July, 2025.
3 Sub-section (2) was Inserted by section 69 of Finance Act, 2022 (Act No. 13 of 2022).
Disclaimer: This is the authentic English text of The Value Added Tax and Supplementary Duty Act 2012, as published under SRO No. 440-Law/2025/326-Mushak dated 05 November 2025. In the event of any inconsistency or conflict between the content on this website and the official Government publications or gazette notifications relating to laws, rules, regulations or SROs, the official Government publications and notifications shall prevail.