Input tax credit entitlement on provisional basis allows use solely for payment of self-assessed output tax in returns. 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 provisional credit may be utilised only to pay the self-assessed output tax declared in the return.
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Provisions expressly mentioned in the judgment/order text.
Input tax credit entitlement on provisional basis allows use solely for payment of self-assessed output tax in returns.
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 provisional credit may be utilised only to pay the self-assessed output tax declared in the return.
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