Electronic ledger regime for GST governs crediting, utilisation order, and refundability of tax payments and input credits. Amounts paid by prescribed electronic modes are credited to an individual's electronic cash ledger and self-assessed input tax credit to the electronic credit ledger. Cash ledger balances may be used for tax, interest, penalty, fees and other amounts; credit ledger balances may be used for output tax under this Act and the Integrated Act. The statute prescribes an order for utilising different tax credits, restricts certain cross-utilisations between central and State/Union territory tax, requires maintenance of an electronic liability register, and provides for refund of remaining ledger balances.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Electronic ledger regime for GST governs crediting, utilisation order, and refundability of tax payments and input credits.
Amounts paid by prescribed electronic modes are credited to an individual's electronic cash ledger and self-assessed input tax credit to the electronic credit ledger. Cash ledger balances may be used for tax, interest, penalty, fees and other amounts; credit ledger balances may be used for output tax under this Act and the Integrated Act. The statute prescribes an order for utilising different tax credits, restricts certain cross-utilisations between central and State/Union territory tax, requires maintenance of an electronic liability register, and provides for refund of remaining ledger balances.
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