Electronic ledger transfer rules permit cross-ledger transfers and impose prescribed restrictions on credit utilisation and discharge.

The amendment enables prescription of restrictions on utilisation of electronic credit ledger balances and substitutes the transfer provision to permit a registered person to transfer electronic cash ledger amounts to various tax heads or to the integrated or central tax cash ledger of a distinct registered person, in prescribed form and subject to conditions and restrictions; such transfers are treated as refunds and transfers to a distinct person are prohibited if the transferor has unpaid liabilities. The Government may also, on Council recommendation, prescribe a maximum proportion of output tax dischargeable via the electronic credit ledger.

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