Electronic credit and cash ledger rules govern GST payment, utilisation priority, refundability and liability recording. Section 49 requires deposits by prescribed electronic modes to be credited to an individual's electronic cash ledger and self-assessed input tax credit to an electronic credit ledger. Amounts in the cash ledger may meet any payable sums; amounts in the credit ledger apply to output tax under this Act or the Integrated Act, subject to prescribed conditions. The section prescribes the sequence for credit utilisation between integrated, central, State and Union territory tax, forbids cross-utilisation between certain taxes, allows refunds of ledger balances under section 54, requires an electronic liability register, and sets the payment priority for dues.
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 credit and cash ledger rules govern GST payment, utilisation priority, refundability and liability recording.
Section 49 requires deposits by prescribed electronic modes to be credited to an individual's electronic cash ledger and self-assessed input tax credit to an electronic credit ledger. Amounts in the cash ledger may meet any payable sums; amounts in the credit ledger apply to output tax under this Act or the Integrated Act, subject to prescribed conditions. The section prescribes the sequence for credit utilisation between integrated, central, State and Union territory tax, forbids cross-utilisation between certain taxes, allows refunds of ledger balances under section 54, requires an electronic liability register, and sets the payment priority for dues.
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