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