(1) No input tax credit shall be claimed onsecond hand goods purchased by a registered dealer from a resident seller who is not registered under the Act, unless the registered dealer has in his possession adequate proof of the amount paid for such goods in the form of an invoice or receipt signed by such resident seller containing the following, namely -

 

(a) the description of the goods;

 

(b) the amount paid for the goods;

 

(c) the name and address of the resident seller; and

 

(d) the Permanent Account Number (PAN), if any, of the resident seller.

 

 

 

(2) No input tax credit shall be claimed under section 15 by a registered dealer on purchase of second hand goods unless the dealer has in his possession original invoice or cash memo issued under the Act or under the Delhi Sales Tax Act, 1975 (43 of 1975) (since repealed) for purchase of said goods in Delhi by the resident seller.