Input tax credit provisionally credited to electronic ledger, usable only for payment of self-assessed output tax. Every registered person may, subject to prescribed conditions and restrictions, claim input tax credit as self assessed in the return and that amount is ... Summary
Input tax credit provisionally credited to electronic ledger, usable only for payment of self-assessed output tax.
Every registered person may, subject to prescribed conditions and restrictions, claim input tax credit as self assessed in the return and that amount is provisionally credited to the electronic credit ledger; such provisionally credited amount may be utilised only for payment of self assessed output tax as declared in the return.
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