Transfer of electronic cash ledger funds requires government to credit State or Union territory tax accounts accordingly. The new section requires that when any amount is transferred from the electronic cash ledger under the Central Act to an electronic cash ledger under a State or Union territory Act, the Government shall transfer to the relevant State tax account or Union territory tax account an amount equal to the amount transferred, in such manner and within such time as may be prescribed.
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.
Transfer of electronic cash ledger funds requires government to credit State or Union territory tax accounts accordingly.
The new section requires that when any amount is transferred from the electronic cash ledger under the Central Act to an electronic cash ledger under a State or Union territory Act, the Government shall transfer to the relevant State tax account or Union territory tax account an amount equal to the amount transferred, in such manner and within such time as may be prescribed.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
