Section 49 - Payment of tax, interest, penalty and other amounts.

Electronic ledgers govern GST payments and credit utilisation, with prescribed priority rules and an ordered discharge of dues.

Section 49 requires deposits made by prescribed electronic modes to be credited to the electronic cash ledger and self-assessed input tax credit to the electronic credit ledger; ledger balances may be used for payment of tax, interest, penalty, fees or other dues subject to prescribed manner, conditions and time. It prescribes priority rules for utilisation of integrated, central, State and Union territory tax credits, mandates an electronic liability register, orders the sequence for discharging dues, treats government account credit as deposit date for the cash ledger, and provides for refunds of remaining balances under the refund provision.