https://www.taxtmi.com/acts?id=29166 Section 49 requires deposits by prescribed electronic modes to be credited to a person's electronic cash ledger and self-assessed input tax credit to an electronic credit ledger. Balances in the cash ledger may be applied to any liability and balances in the credit ledger to output tax under this Ordinance or the Integrated Act, subject to prescribed conditions. The provision prescribes a priority order for utilising credits among integrated, central, State and Union territory tax heads, mandates maintenance of an electronic liability register, stipulates the order for discharging dues, and allows refunds of remaining ledger balances under the refund provision. en-us Mon, 03 Jul 2017 15:15:46 +0530 Mon, 03 Jul 2017 15:15:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=29166 Section 49 requires deposits by prescribed electronic modes to be credited to a person's electronic cash ledger and self-assessed input tax credit to an electronic credit ledger. Balances in the cash ledger may be applied to any liability and balances in the credit ledger to output tax under this Ordinance or the Integrated Act, subject to prescribed conditions. The provision prescribes a priority order for utilising credits among integrated, central, State and Union territory tax heads, mandates maintenance of an electronic liability register, stipulates the order for discharging dues, and allows refunds of remaining ledger balances under the refund provision. Act-Rules GST - States Mon, 03 Jul 2017 15:15:46 +0530 https://www.taxtmi.com/acts?id=29166