https://www.taxtmi.com/acts?id=28218 Electronic cash ledger and electronic credit ledger mechanisms receive prescribed electronic deposits and self-assessed input tax credits, respectively. Cash ledger balances may be used for payment of tax, interest, penalty and other amounts; credit ledger balances may be used for output tax under this Act or the Integrated Act, subject to prescribed conditions and time. A specified utilisation hierarchy governs application of integrated, central, State and Union territory tax credits, certain cross utilisation is prohibited, and excess balances may be refunded. Liabilities are recorded in an electronic register and dues must be discharged in a prescribed priority. en-us Wed, 28 Jun 2017 12:24:39 +0530 Wed, 26 Jul 2017 16:36:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=28218 Electronic cash ledger and electronic credit ledger mechanisms receive prescribed electronic deposits and self-assessed input tax credits, respectively. Cash ledger balances may be used for payment of tax, interest, penalty and other amounts; credit ledger balances may be used for output tax under this Act or the Integrated Act, subject to prescribed conditions and time. A specified utilisation hierarchy governs application of integrated, central, State and Union territory tax credits, certain cross utilisation is prohibited, and excess balances may be refunded. Liabilities are recorded in an electronic register and dues must be discharged in a prescribed priority. Act-Rules GST - States Wed, 28 Jun 2017 12:24:39 +0530 https://www.taxtmi.com/acts?id=28218