https://www.taxtmi.com/acts?id=23129 Payments by electronic modes are credited to an electronic cash ledger, and self assessed input tax credit is credited to an electronic credit ledger. Ledger balances may be used for payments of tax, interest, penalty and other amounts subject to prescribed conditions; refunds of remaining balances follow statutory refund rules. Credit utilisation priority is prescribed-IGST credit for IGST then CGST/SGST; CGST and SGST credits prioritised for their respective taxes then IGST. All liabilities are recorded in an electronic liability register and dues are discharged in a specified order. A payer is presumed to have passed the full tax incidence to the recipient unless disproved. en-us Mon, 28 Nov 2016 10:58:34 +0530 Tue, 29 Nov 2016 16:54:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=23129 Payments by electronic modes are credited to an electronic cash ledger, and self assessed input tax credit is credited to an electronic credit ledger. Ledger balances may be used for payments of tax, interest, penalty and other amounts subject to prescribed conditions; refunds of remaining balances follow statutory refund rules. Credit utilisation priority is prescribed-IGST credit for IGST then CGST/SGST; CGST and SGST credits prioritised for their respective taxes then IGST. All liabilities are recorded in an electronic liability register and dues are discharged in a specified order. A payer is presumed to have passed the full tax incidence to the recipient unless disproved. Act-Rules Bill Mon, 28 Nov 2016 10:58:34 +0530 https://www.taxtmi.com/acts?id=23129