Input tax credit provisional acceptance allowed; credit usable only for payment of self-assessed output tax. Registered persons may self-assess eligible input tax and have that amount provisionally credited to the electronic credit ledger, subject to prescribed ... Summary
Input tax credit provisional acceptance allowed; credit usable only for payment of self-assessed output tax.
Registered persons may self-assess eligible input tax and have that amount provisionally credited to the electronic credit ledger, subject to prescribed conditions and restrictions, and such provisionally credited amount may be utilised only for payment of the self-assessed output tax declared in the return.
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