Input tax credit entitlement: self-assessed claims provisionally credited to electronic ledger and usable only for return declared output tax. A registered person may, subject to prescribed conditions and restrictions, self-assess and claim eligible input tax in the return, which will be ... Summary
Input tax credit entitlement: self-assessed claims provisionally credited to electronic ledger and usable only for return declared output tax.
A registered person may, subject to prescribed conditions and restrictions, self-assess and claim eligible input tax in the return, which will be provisionally credited to the electronic credit ledger; that provisionally credited amount may be used only to pay self-assessed output tax declared in the same return.
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