TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 49 of Bihar GST Act: Payment Procedures, Tax Credits, and Electronic Ledgers Explained for Businesses</h1> Section 49 of the Bihar Goods and Services Tax Act, 2017, outlines the procedures for the payment of tax, interest, penalties, and other amounts. Payments made via internet banking, credit or debit cards, or other prescribed methods are credited to an electronic cash ledger. Input tax credits are credited to an electronic credit ledger, which can be used for tax payments under specified conditions. The section details the order of utilization for various tax credits and prohibits the use of central tax credits for state or union territory tax payments and vice versa. Remaining balances can be refunded as per section 54, and liabilities are maintained in an electronic register. Taxable persons must discharge dues in a specific order, and tax incidence is presumed to be passed to recipients unless proven otherwise.
TaxTMI 
TaxTMI 
