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of <h1>Understanding Section 49 of Telangana GST Act: Payment Procedures, Electronic Ledgers, and Tax Utilization Rules</h1> Section 49 of the Telangana Goods and Services Tax Act, 2017, outlines the procedures for the payment of tax, interest, penalties, and other amounts. Taxable persons must deposit these payments through specified electronic methods, which are then credited to their electronic cash ledger. Input tax credits are credited to an electronic credit ledger and can be used to pay output tax. Specific rules govern the utilization of integrated, central, state, and union territory taxes. Balances in these ledgers can be refunded as per section 54. Tax liabilities are maintained in an electronic register, and payments must follow a prescribed order. Tax incidence is presumed to be passed to the recipient unless proven otherwise.
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