Input tax credit entitlement on self-assessment is provisionally credited and usable only to pay self-assessed output tax. A registered person may, subject to prescribed conditions and restrictions, claim eligible input tax credit by self-assessment in the return, and the claimed amount is provisionally credited to the electronic credit ledger; such provisional credit is to be utilised only for payment of the self-assessed output tax in that return.
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Provisions expressly mentioned in the judgment/order text.
Input tax credit entitlement on self-assessment is provisionally credited and usable only to pay self-assessed output tax.
A registered person may, subject to prescribed conditions and restrictions, claim eligible input tax credit by self-assessment in the return, and the claimed amount is provisionally credited to the electronic credit ledger; such provisional credit is to be utilised only for payment of the self-assessed output tax in that return.
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