Input tax credit entitlement provisionally credited to electronic ledger and usable only for self-assessed output tax payment. Entitlement to claim eligible input tax is recognised on a self-assessed basis in the registered person's return, subject to prescribed conditions and ... Summary
Input tax credit entitlement provisionally credited to electronic ledger and usable only for self-assessed output tax payment.
Entitlement to claim eligible input tax is recognised on a self-assessed basis in the registered person's return, subject to prescribed conditions and restrictions, and is credited provisionally to the electronic credit ledger, to be utilised only for payment of the self-assessed output tax declared in that return.
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