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of <h1>Section 49: Electronic cash and credit ledgers, order of utilisation, cross-use rules, refunds, and liability priorities</h1> Section 49 provides that payments made electronically are credited to a registered person's electronic cash ledger and self-assessed input tax is credited to the electronic credit ledger; balances in those ledgers may be used to discharge tax, interest, penalty, fees and other amounts under prescribed conditions. It prescribes the order and cross-utilisation rules for IGST, CGST, SGST/UTGST credits, prohibits certain cross-use, allows refunds of ledger balances, requires an electronic liability register, sets priority for discharging liabilities, deems tax borne by the supplier to be passed to the recipient, permits specified ledger transfers, and authorises limits on payment via credit ledger.
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