Provisional input tax credit may be self-assessed and credited for use only against self-assessed output tax. Every registered person, subject to prescribed conditions and restrictions, may self-assess eligible input tax in the return and have it provisionally credited to the electronic credit ledger; such provisionally credited input tax may be utilised only for payment of self-assessed output tax declared in the same return.
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Provisional input tax credit may be self-assessed and credited for use only against self-assessed output tax.
Every registered person, subject to prescribed conditions and restrictions, may self-assess eligible input tax in the return and have it provisionally credited to the electronic credit ledger; such provisionally credited input tax may be utilised only for payment of self-assessed output tax declared in the same return.
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