Input tax credit provisional acceptance: self-assessed eligible credit is provisionally posted to the electronic credit ledger for output tax payment. Registered persons may, subject to prescribed conditions and restrictions, claim eligible input tax as self-assessed in their return and have that amount provisionally credited to their electronic credit ledger; such provisionally credited credit may be utilised only for payment of self-assessed output tax declared in the same return.
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Provisions expressly mentioned in the judgment/order text.
Input tax credit provisional acceptance: self-assessed eligible credit is provisionally posted to the electronic credit ledger for output tax payment.
Registered persons may, subject to prescribed conditions and restrictions, claim eligible input tax as self-assessed in their return and have that amount provisionally credited to their electronic credit ledger; such provisionally credited credit may be utilised only for payment of self-assessed output tax declared in the same return.
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