Input tax credit provisionally credited to electronic ledger, usable only to pay self-assessed output tax in the return. Entitlement to claim input tax credit is recognised on a self-assessed basis subject to prescribed conditions and restrictions and is provisionally ... Summary
Input tax credit provisionally credited to electronic ledger, usable only to pay self-assessed output tax in the return.
Entitlement to claim input tax credit is recognised on a self-assessed basis subject to prescribed conditions and restrictions and is provisionally credited to the registered person's electronic credit ledger; that provisional credit may be utilised only for payment of self-assessed output tax declared in the return.
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