Section 41 of GST – Claim of input tax credit and provisional acceptance thereof

Section 41 of GST – Claim of input tax credit and provisional acceptance thereof. Complete Details for GST Section 41, In this section you may find all details for Claim of input tax credit and provisional acceptance thereof as per GST Act 2017Detailed Analysis of GST Section 41 of GST Act 2017 – Claim of input tax credit and provisional acceptance thereof. Everything you want to know about GST all Sections. Section Wise Analysis of GST Act 2017, Chapter Wise Analysis of GST All Sections. in this article you may find complete details regarding Section 41 of GST Act 2017 – Claim of input tax credit and provisional acceptance thereof, gst all sections and definitionsNow Check more details from below…..

Must Read – List of all sections of GST

Section 41 of GST – 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 selfassessed output tax as per the return referred to in the said sub-section.

Analysis and Updates

Introduction

This Section relates to claim of input tax credit and its provisional acceptance.

Analysis

All registered person shall be eligible to avail eligible input tax credit on self-assessment basis. Such amount shall be credited to his electronic credit ledger

This self-assessed input tax credit shall be utilised only for payment of self-assessed output tax.

Recommended Articles –