Input tax credit provisionally credited to electronic ledger, restricted until return filed and tax liability discharged. Entitlement to claim input tax credit is allowed as self-assessed in the return and, subject to prescribed conditions and restrictions, shall be credited provisionally to an electronic credit ledger. A taxable person who has not furnished a valid return shall not be permitted to utilize the provisionally credited input tax credit until the person discharges the self-assessed tax liability.
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Provisions expressly mentioned in the judgment/order text.
Input tax credit provisionally credited to electronic ledger, restricted until return filed and tax liability discharged.
Entitlement to claim input tax credit is allowed as self-assessed in the return and, subject to prescribed conditions and restrictions, shall be credited provisionally to an electronic credit ledger. A taxable person who has not furnished a valid return shall not be permitted to utilize the provisionally credited input tax credit until the person discharges the self-assessed tax liability.
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