Central Goods and Service Tax Act, 2017
Claim of input tax credit and provisional acceptance thereof (Sec. 41)
(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.
This section provides that every registered person shall be entitled to provisionally take the credit of eligible input tax subject to prescribed conditions and restrictions. This section further provides that the credit taken on provisional basis shall be utilised only for payment of output tax self-assessed in the return in which the credit on provisional basis is taken.