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Section 41 - Central Goods and Services Tax Act, 2017
The Central Goods and Services Tax Act, 2017
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.
Related Sections
- Section 107: Appeals to Appellate Authority
- Section 102: Rectification of advance ruling
- Section 75: General provisions relating to determination of tax
- Section 112: Appeals to Appellate Tribunal
- Section 110: President and Members of Appellate Tribunal, their qualification, appointment, conditions of service, etc.
Related Acts
- Indian Institutes of Information Technology (Amendment) Act, 2017
- Union Territory Goods and Services Tax (Amendment) Act, 2018
- The Bharatiya Nyaya Sanhita, 2023
- National Capital Territory of Delhi (Recognition of Property Rights of Residents in Unauthorised Colonies) Act, 2019
- Bilateral Netting of Qualified Financial Contracts Act, 2020
* Only for reference.