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of <h1>Section 49: Payment Procedures for Tax, Interest, and Penalties under Tamil Nadu GST Act 2017 Explained.</h1> Section 49 of the Tamil Nadu Goods and Services Tax Act, 2017, outlines the procedures for payment of tax, interest, penalties, and other amounts. Payments made via internet banking, credit/debit cards, or other prescribed methods are credited to the electronic cash ledger of the payer. Input tax credit is credited to the electronic credit ledger and can be used for paying output tax under certain conditions. The order of utilization for input tax credit prioritizes integrated tax, followed by central and state taxes. Remaining balances in electronic ledgers can be refunded, and all liabilities are recorded in an electronic liability register. Tax dues must be discharged in a specific order, and it is presumed that the tax incidence is passed on to the recipient.
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