THE CENTRAL GOODS AND
SERVICES TAX ACT, 2017
RETURNS
Section 41: 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.