Section Section 41 i.e. Claim of Input Tax Credit and Provisional Acceptance Thereof under GST

Financial Year: 2017

Section 41 of CGST Act

Claim of Input Tax Credit and Provisional Acceptance Thereof

 

 

(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 self- assessed output tax

as per the return referred to in the said sub-section.

 

 

Thanks & Regards

CA Rahul Gupta