Electronic cash ledger transfers and credit ledger limits are revised under the GST amendment framework. Amendment to section 49 revises the electronic cash ledger and electronic credit ledger framework. It omits the reference to section 43A, adds 'conditions and restrictions' to the rule-making language, and permits transfer of amounts in the electronic cash ledger through the common portal for specified tax heads or to a distinct person's cash ledger, with such transfer deemed a refund. A separate provision allows the Government to prescribe the maximum proportion of output tax liability that may be discharged through the electronic credit ledger, subject to prescribed conditions and restrictions.
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Provisions expressly mentioned in the judgment/order text.
Electronic cash ledger transfers and credit ledger limits are revised under the GST amendment framework.
Amendment to section 49 revises the electronic cash ledger and electronic credit ledger framework. It omits the reference to section 43A, adds "conditions and restrictions" to the rule-making language, and permits transfer of amounts in the electronic cash ledger through the common portal for specified tax heads or to a distinct person's cash ledger, with such transfer deemed a refund. A separate provision allows the Government to prescribe the maximum proportion of output tax liability that may be discharged through the electronic credit ledger, subject to prescribed conditions and restrictions.
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