Input tax credit provisional acceptance: eligible credit may be provisionally credited to the electronic ledger for self-assessed output tax payment. Registered persons may self-assess and claim credit for eligible input tax in their return, which is provisionally credited to the electronic credit ledger and may be utilised only for payment of self-assessed output tax declared in that return, subject to prescribed conditions and restrictions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Input tax credit provisional acceptance: eligible credit may be provisionally credited to the electronic ledger for self-assessed output tax payment.
Registered persons may self-assess and claim credit for eligible input tax in their return, which is provisionally credited to the electronic credit ledger and may be utilised only for payment of self-assessed output tax declared in that return, subject to prescribed conditions and restrictions.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.