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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Understanding Section 49: Electronic Payment and Credit Utilization in the Goa GST Act 2017</h1> Section 49 of the Goa Goods and Services Tax Act, 2017, outlines the payment of tax, interest, penalty, and other amounts. Payments can be made via various electronic methods and are credited to an electronic cash ledger. Input tax credits are credited to an electronic credit ledger and can be used for paying output tax. Specific rules dictate the order of utilizing integrated, central, state, and union territory taxes. Remaining balances in these ledgers may be refunded. Tax liabilities are maintained in an electronic liability register, and payments are prioritized for self-assessed taxes and other dues. Tax incidence is generally passed to the recipient.