GST Acts and Rules
CGST Act - Central Goods and Services Tax Act

Section 41 CGST - Claim of input tax credit and provisional acceptance thereof

Last updated at April 16, 2024 by

According to Section 41 of Central Goods and Service Tax Act, 2017 as passed by Lok Sabha :

  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.
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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.