36 Claim of input tax credit and provisional acceptance thereof – Revised Model GST Law ( Nov 2016)

By | March 13, 2017
(Last Updated On: March 13, 2017)

Revised Model GST Law ( Nov 2016)

Section 36 Revised Model GST Law ( Nov 2016)

  1. Claim of input tax credit and provisional acceptance thereof 

(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 selfassessed 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  selfassessed output tax liability as per the return referred to in sub-section (1).

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