Input tax credit entitlement provisionally credited to electronic ledger and restricted to payment of self-assessed output tax. Every registered person may self-assess and claim input tax credit, which is provisionally credited to the electronic credit ledger, and such provisional ... Summary
Input tax credit entitlement provisionally credited to electronic ledger and restricted to payment of self-assessed output tax.
Every registered person may self-assess and claim input tax credit, which is provisionally credited to the electronic credit ledger, and such provisional credit may be utilised only for payment of self-assessed output tax declared in the return, subject to prescribed conditions and restrictions.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.