https://www.taxtmi.com/article/detailed?id=6915 The Model IGST Act permits registered taxable persons to self-assess and provisionally credit input tax to an electronic credit ledger, subject to prescribed conditions; unregistered persons or those who have not filed returns are ineligible. CGST Act provisions on matching, reversal and reclaim apply mutatis mutandis. On utilization of credit for payment of CGST or SGST, IGST collections are reduced and the Central Government transfers an equivalent amount from the IGST account to the CGST or SGST account; detailed procedures and timelines are to be prescribed by rules. en-us Sat, 30 Jul 2016 18:56:00 +0530 Sat, 30 Jul 2016 18:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6915 The Model IGST Act permits registered taxable persons to self-assess and provisionally credit input tax to an electronic credit ledger, subject to prescribed conditions; unregistered persons or those who have not filed returns are ineligible. CGST Act provisions on matching, reversal and reclaim apply mutatis mutandis. On utilization of credit for payment of CGST or SGST, IGST collections are reduced and the Central Government transfers an equivalent amount from the IGST account to the CGST or SGST account; detailed procedures and timelines are to be prescribed by rules. Articles Goods and Services Tax - GST Sat, 30 Jul 2016 18:56:00 +0530 https://www.taxtmi.com/article/detailed?id=6915