https://www.taxtmi.com/article/detailed?id=7324 Deposits for tax, interest, penalty and fees must be credited to an Electronic Cash Ledger and input tax credits to an Electronic Credit Ledger; cash and credit ledger balances are used to discharge tax, interest, penalty and fees subject to prescribed utilisation orders between IGST, CGST and SGST, with surplus refundable and ledger balances adjusted. Liabilities are recorded in an Electronic Liability Register and payments debit the electronic ledgers. Interest accrues from the date tax was due on unpaid tax and on excess input credit claims or reductions in output tax liability. en-us Thu, 16 Mar 2017 06:57:45 +0530 Thu, 16 Mar 2017 06:57:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7324 Deposits for tax, interest, penalty and fees must be credited to an Electronic Cash Ledger and input tax credits to an Electronic Credit Ledger; cash and credit ledger balances are used to discharge tax, interest, penalty and fees subject to prescribed utilisation orders between IGST, CGST and SGST, with surplus refundable and ledger balances adjusted. Liabilities are recorded in an Electronic Liability Register and payments debit the electronic ledgers. Interest accrues from the date tax was due on unpaid tax and on excess input credit claims or reductions in output tax liability. Articles Goods and Services Tax - GST Thu, 16 Mar 2017 06:57:45 +0530 https://www.taxtmi.com/article/detailed?id=7324