Input tax credit entitlement provisionally credited to electronic ledger, usable only for payment of self-assessed output tax. Registered persons may claim input tax credit by self-assessment in their return and such eligible credit shall be provisionally credited to the ... Summary
Input tax credit entitlement provisionally credited to electronic ledger, usable only for payment of self-assessed output tax.
Registered persons may claim input tax credit by self-assessment in their return and such eligible credit shall be provisionally credited to the electronic credit ledger, subject to prescribed conditions and restrictions, and may be utilised only for payment of self-assessed output tax declared in that return.
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