Input tax credit entitlement provisionally credited to electronic ledger for use against self-assessed output tax in returns. Input tax credit may be taken by a registered person as self-assessed in the return and is provisionally credited to the electronic credit ledger; that provisional credit may be utilised only to pay self-assessed output tax declared in the same return, subject to prescribed conditions and restrictions.
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Provisions expressly mentioned in the judgment/order text.
Input tax credit entitlement provisionally credited to electronic ledger for use against self-assessed output tax in returns.
Input tax credit may be taken by a registered person as self-assessed in the return and is provisionally credited to the electronic credit ledger; that provisional credit may be utilised only to pay self-assessed output tax declared in the same return, subject to prescribed conditions and restrictions.
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