Input tax credit provisional acceptance lets registered persons self-assess and credit eligible input tax for output tax payment. Registered persons may self-assess and claim eligible input tax credit in their return, which is provisionally credited to the electronic credit ledger ... Summary
Input tax credit provisional acceptance lets registered persons self-assess and credit eligible input tax for output tax payment.
Registered persons may self-assess and claim eligible input tax credit in their return, which is provisionally credited to the electronic credit ledger and may be used only to pay the self-assessed output tax declared in that return, subject to prescribed conditions and restrictions.
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