Input tax credit entitlement provisionally credited to electronic ledger, usable only for payment of self-assessed output tax. Registered persons may, subject to prescribed conditions and restrictions, self-assess and claim eligible input tax credit in their return, whereupon the claimed amount is provisionally credited to their electronic credit ledger and may be utilised only for payment of the self-assessed output tax declared in that return.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Input tax credit entitlement provisionally credited to electronic ledger, usable only for payment of self-assessed output tax.
Registered persons may, subject to prescribed conditions and restrictions, self-assess and claim eligible input tax credit in their return, whereupon the claimed amount is provisionally credited to their electronic credit ledger and may be utilised only for payment of the self-assessed output tax declared in that return.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.