(1) Every registered person shall, subject to such conditions and restrictions
as may 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.
(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
whereon 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.]111
111. Substituted by the Uttar Pradesh Goods and Services Tax (Amendment) Act, 2022 (U. P. Act. No. 11 of 2022) Published Vide Notification No. No. 497 (2)/LXXIX-V-1-2022-1-ka-10- 2022 Dated Lucknow, September 29, 2022. Prior to Substitution Section 41 reads as under :