GST India Forum – Goods and Services Tax | Place for Experts Forums Bare Law Section 36- Claim of input tax credit and provisional acceptance thereof

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

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

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