Section 41 of CGST Act, 2017 - Claim ofinput taxcredit & provisionalacceptancethereof

Section 41 of CGST Act, 2017 - Claim ofinput taxcredit & provisionalacceptancethereof Section 41 of CGST Act,2017 from bare act : - (1) Every registered person shall, subject to such conditions and restrictions asmay be prescribed, be entitled to take the credit of eligible input tax, as self-assessed, in hisreturn and such amount shall be credited on a provisional basis to his electronic creditledger. (2) The credit referred to in sub-section (1) shall be utilized only for payment of self assessedoutput tax as per the return referred to in the said sub-section.

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CHAPTER IX

RETURNS

Chapter IX of the CGST Act,2017 covers twelve sections relating to RETURNSunder GST. All thesesections from the CGST Act,2017 are available for your ready reference. Section 37 :Furnishingdetails ofoutwardsupplies Section 38 :Furnishingdetails ofinwardsupplies Section 39 :Furnishing ofreturns Section 40 :First return Section 41 :Claim ofinput taxcredit andprovisionalacceptancethereof Section 42 :Matching,reversal andreclaim ofinput taxcredit Section 43 :Matching,reversal andreclaim ofreduction inoutput taxliability Section 44 :Annual return Section 45 :Final return Section 46 :Notice toreturndefaulters Section 47 :Levy of latefee Section 48 :Goods andservices taxpractitioners