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

Electronic tax ledgers govern deposit crediting and priority use for GST payments and input tax credit utilisation.

Deposits by prescribed electronic modes are credited to the electronic cash ledger and input tax credit from returns to the electronic credit ledger. Balances in the cash ledger may be used for tax, interest, penalty or fees; balances in the credit ledger may be used for output tax under this Act or the Integrated Act. The section sets priority and cross-utilisation rules for integrated, central, state and union territory tax credits, prohibits certain cross-uses between central and state/union territory credits, and provides for refund of remaining balances and maintenance of an electronic liability register.