Claim of input tax credit, provisional acceptance, matching, reversal and reclaim of input tax credit or reduction in output tax liability

Claim of input tax credit, provisional acceptance, matching, reversal and reclaim of input tax credit or reduction in output tax liability https://www.taxtmi.com/acts?id=23131 Entitlement to claim input tax credit on self-assessment is subject to prescribed conditions; such credit is provisionally credited to an electronic credit ledger and may be utilized only for payment of the self-assessed output tax liability declared in the return. Matching, reversal and reclaim procedures apply mutatis mutandis to these provisional credits, making provisional acceptance subject to subsequent verification and adjustment. en-us Mon, 28 Nov 2016 11:00:12 +0530 Tue, 29 Nov 2016 17:00:02 +0530 TaxTMI RSS Generator Claim of input tax credit, provisional acceptance, matching, reversal and reclaim of input tax credit or reduction in output tax liability https://www.taxtmi.com/acts?id=23131 Entitlement to claim input tax credit on self-assessment is subject to prescribed conditions; such credit is provisionally credited to an electronic credit ledger and may be utilized only for payment of the self-assessed output tax liability declared in the return. Matching, reversal and reclaim procedures apply mutatis mutandis to these provisional credits, making provisional acceptance subject to subsequent verification and adjustment. Act-Rules Bill Mon, 28 Nov 2016 11:00:12 +0530 https://www.taxtmi.com/acts?id=23131