PRINCIPLES FOR DETERMINING SUPPLY OF GOODS AND/OR SERVICES IN THE COURSE OF INTER - STATE TRADE OR COMMERCE - Draft - Integrated Goods And Services Tax Act, 2016 ( IGST Act) - Draft June 2016
PRINCIPLES FOR DETERMINING SUPPLY OF GOODS AND/OR SERVICES IN THE COURSE OF INTER - STATE TRADE OR COMMERCE - Draft - Integrated Goods And Services Tax Act, 2016 ( IGST Act) - Draft June 2016
Input tax credit entitlement provisionally credited to an electronic ledger, subject to prescribed conditions and matching rules. Registered taxable persons may, subject to prescribed conditions, self-assess and claim input tax credit in their return; such claims are provisionally ... Summary
Input tax credit entitlement provisionally credited to an electronic ledger, subject to prescribed conditions and matching rules.
Registered taxable persons may, subject to prescribed conditions, self-assess and claim input tax credit in their return; such claims are provisionally credited to an electronic credit ledger maintained as prescribed. The processes for matching, reversal and reclaim of these provisional credits operate mutatis mutandis under the corresponding matching, reversal and reclaim provisions of the CGST framework.
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