41 Claim of input tax credit and provisional acceptance thereof.-CGST Billl 2017

By | April 6, 2017
(Last Updated On: April 6, 2017)

CGST Billl 2017

AS INTRODUCED IN LOK SABHA
Bill No. 57 of 2017

THE CENTRAL GOODS AND SERVICES TAX BILL, 2017

Claim of input tax credit and provisional acceptance thereof.

  1. (1) Every registered person shall, subject to such conditions and restrictions as may be prescribed, be entitled to take the credit of eligible input tax, as self-assessed, in his return and such amount shall be credited on a provisional basis to his electronic credit ledger.

(2) The credit referred to in sub-section (1) shall be utilised only for payment of selfassessed output tax as per the return referred to in the said sub-section.

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  1. Pingback: CGST Billl 2017- Chapter Wise and Section Wise - Tax Heal

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