https://www.taxtmi.com/acts?id=40732 Amendment to section 49 revises the electronic cash ledger and electronic credit ledger framework. It omits the reference to section 43A, adds "conditions and restrictions" to the rule-making language, and permits transfer of amounts in the electronic cash ledger through the common portal for specified tax heads or to a distinct person's cash ledger, with such transfer deemed a refund. A separate provision allows the Government to prescribe the maximum proportion of output tax liability that may be discharged through the electronic credit ledger, subject to prescribed conditions and restrictions. en-us Mon, 28 Mar 2022 14:48:31 +0530 Thu, 25 Jun 2026 17:35:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40732 Amendment to section 49 revises the electronic cash ledger and electronic credit ledger framework. It omits the reference to section 43A, adds "conditions and restrictions" to the rule-making language, and permits transfer of amounts in the electronic cash ledger through the common portal for specified tax heads or to a distinct person's cash ledger, with such transfer deemed a refund. A separate provision allows the Government to prescribe the maximum proportion of output tax liability that may be discharged through the electronic credit ledger, subject to prescribed conditions and restrictions. Act-Rules F. Acts / Amendment Acts Mon, 28 Mar 2022 14:48:31 +0530 https://www.taxtmi.com/acts?id=40732