https://www.taxtmi.com/acts?id=21552 Taxpayers must remit tax, interest, penalty, fees and other amounts into electronic cash and credit ledgers; deposits are credited when the Government's bank account is credited. Ledger balances may be used for statutory payments subject to prescribed conditions and timelines, residual balances may be refunded, and all liabilities must be recorded in a prescribed electronic register. Input tax credit utilization follows a prescribed priority: IGST credit applies to IGST first, then CGST/SGST; CGST/SGST credit applies to its respective tax first and then to IGST; CGST and SGST credits cannot be cross-utilized between each other. en-us Wed, 15 Jun 2016 14:42:36 +0530 Wed, 15 Jun 2016 14:42:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=21552 Taxpayers must remit tax, interest, penalty, fees and other amounts into electronic cash and credit ledgers; deposits are credited when the Government's bank account is credited. Ledger balances may be used for statutory payments subject to prescribed conditions and timelines, residual balances may be refunded, and all liabilities must be recorded in a prescribed electronic register. Input tax credit utilization follows a prescribed priority: IGST credit applies to IGST first, then CGST/SGST; CGST/SGST credit applies to its respective tax first and then to IGST; CGST and SGST credits cannot be cross-utilized between each other. Act-Rules Bills Wed, 15 Jun 2016 14:42:36 +0530 https://www.taxtmi.com/acts?id=21552