Input tax credit provisional recognition limited to use for payment of self-assessed output tax in returns. Registered persons may self-assess and claim input tax credit in their returns, which is provisionally credited to the electronic credit ledger and may be utilised solely for payment of the 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 recognition limited to use for payment of self-assessed output tax in returns.
Registered persons may self-assess and claim input tax credit in their returns, which is provisionally credited to the electronic credit ledger and may be utilised solely for payment of the self-assessed output tax declared in the same return.
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