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    <title>Amendment of section 49</title>
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    <description>The amendment authorises registered persons to transfer amounts on the common portal from the electronic cash ledger to various tax ledgers, and to transfer integrated or central tax to a distinct person&#039;s electronic cash ledger, subject to prescribed form, manner, conditions and restrictions; transfers to a distinct person are barred where the transferor has unpaid liability in its electronic liability register. The Government may, on Council recommendation and subject to conditions and restrictions, prescribe a maximum proportion of output tax liability dischargeable through the electronic credit ledger by a person or class of persons.</description>
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      <link>https://www.taxtmi.com/acts?id=40732</link>
      <description>The amendment authorises registered persons to transfer amounts on the common portal from the electronic cash ledger to various tax ledgers, and to transfer integrated or central tax to a distinct person&#039;s electronic cash ledger, subject to prescribed form, manner, conditions and restrictions; transfers to a distinct person are barred where the transferor has unpaid liability in its electronic liability register. The Government may, on Council recommendation and subject to conditions and restrictions, prescribe a maximum proportion of output tax liability dischargeable through the electronic credit ledger by a person or class of persons.</description>
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