Input tax credit provisionally credited to electronic ledger, usable only for payment of self-assessed output tax. Entitlement to claim input tax credit is recognised as self-assessed in the registered person's return, and the amount is credited on a provisional basis ... Summary
Input tax credit provisionally credited to electronic ledger, usable only for payment of self-assessed output tax.
Entitlement to claim input tax credit is recognised as self-assessed in the registered person's return, and the amount is credited on a provisional basis to the electronic credit ledger; such provisional credit shall be utilised only for payment of self-assessed output tax as per that return.
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