Input tax credit provisional acceptance allows registered persons to self-assess and provisionally credit eligible input tax. Registered persons may, subject to prescribed conditions, self-assess and claim eligible input tax in their return, which is provisionally credited to the electronic credit ledger and may be utilised only to pay the self-assessed output tax declared in that return.
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Provisions expressly mentioned in the judgment/order text.
Input tax credit provisional acceptance allows registered persons to self-assess and provisionally credit eligible input tax.
Registered persons may, subject to prescribed conditions, self-assess and claim eligible input tax in their return, which is provisionally credited to the electronic credit ledger and may be utilised only to pay the self-assessed output tax declared in that return.
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