https://www.taxtmi.com/acts?id=40588 The amendment enables prescription of restrictions on utilisation of electronic credit ledger balances and substitutes the transfer provision to permit a registered person to transfer electronic cash ledger amounts to various tax heads or to the integrated or central tax cash ledger of a distinct registered person, in prescribed form and subject to conditions and restrictions; such transfers are treated as refunds and transfers to a distinct person are prohibited if the transferor has unpaid liabilities. The Government may also, on Council recommendation, prescribe a maximum proportion of output tax dischargeable via the electronic credit ledger. en-us Tue, 01 Feb 2022 16:39:01 +0530 Sat, 05 Feb 2022 10:17:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40588 The amendment enables prescription of restrictions on utilisation of electronic credit ledger balances and substitutes the transfer provision to permit a registered person to transfer electronic cash ledger amounts to various tax heads or to the integrated or central tax cash ledger of a distinct registered person, in prescribed form and subject to conditions and restrictions; such transfers are treated as refunds and transfers to a distinct person are prohibited if the transferor has unpaid liabilities. The Government may also, on Council recommendation, prescribe a maximum proportion of output tax dischargeable via the electronic credit ledger. Act-Rules Bills Tue, 01 Feb 2022 16:39:01 +0530 https://www.taxtmi.com/acts?id=40588