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of <h1>Amendment to Section 49 of CGST Act: Transfer Tax Amounts from Electronic Cash Ledger Treated as Refund</h1> Clause 98 of the Finance (No. 2) Bill, 2019 proposes amendments to section 49 of the Central Goods and Services Tax Act. It introduces subsections (10) and (11), allowing registered persons to transfer amounts of tax, interest, penalty, fee, or other sums from their electronic cash ledger to various tax categories, such as integrated, central, state, union territory tax, or cess. This transfer is treated as a refund from the electronic cash ledger. Additionally, any transferred amount is considered deposited in the ledger as per subsection (1).
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