Amendment status not verified — confirm the current text below against the official source.
Avyailment of “Al. (1) Every registered person shall, subject to such conditions and restrictions as may ‘ input tax credit. be prescribed. be entitled to avail the credit of eligible input tax, as self- assessed, in his return and such amount shall be credited to his electronic credit ledger. 1072 (12) qeame wes, feria 30 faarax 2022 (2) The credit of input tax availed by a registered person under sub-section (1) in respect of such supplies of goods or services or both,the tax payable where on has not been paid by the supplier, shall be reversed along with applicable interest, by the said person in such manner as may be prescribed: Provided that where the said supplier makes payment of the tax payable in respect of the aforesaid supplies, the said registered person may re-avail the amount of credit reversed by him in such manner as may be prescribed.”. Deletion of