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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 172: Removal of difficulties
- Section 78: Initiation of recovery proceedings
- Section 173: Amendment of Act 32 of 1994
- Section 145: Admissibility of micro films, facsimile copies of documents and computer printouts as documents and as evidence
- Section 6: Authorisation of officers of State tax or Union territory tax as proper officer in certain circumstances
Related Acts
* Only for reference.