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of <h1>Section 49 GST Act: Rules on Tax Payment, Credit Utilization, and Electronic Ledger Management Explained</h1> Section 49 of the Gujarat Goods and Services Tax Act, 2017, outlines the procedures for the payment and management of tax, interest, penalties, and other amounts. Payments made via various electronic methods are credited to the electronic cash ledger of the payer. Input tax credits are credited to the electronic credit ledger and can be used to pay output tax as prescribed. The section specifies the order of utilization for different types of tax credits and restricts the use of central tax credits for state or union territory tax payments and vice versa. It also provides for the maintenance of an electronic liability register and outlines the order of discharge for tax liabilities. Refunds of excess balances in the electronic ledgers are governed by Section 54. The section presumes that the tax burden is passed to the recipient unless proven otherwise.
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