https://www.taxtmi.com/forum/issue?id=118621 The electronic credit ledger may be used to pay output tax-whether self-assessed or payable following proceedings-but not interest, penalty, fees or erroneous refunds. There is no time limit on utilizing availed ITC; the restriction applies only to availing ITC. Therefore, current ITC balance may be applied to discharge past tax demands to the extent of the tax, while interest and penalties must be paid in cash, though departmental disputes may arise. en-us Wed, 05 Jul 2023 12:47:09 +0530 Thu, 23 Jan 2025 15:54:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118621 The electronic credit ledger may be used to pay output tax-whether self-assessed or payable following proceedings-but not interest, penalty, fees or erroneous refunds. There is no time limit on utilizing availed ITC; the restriction applies only to availing ITC. Therefore, current ITC balance may be applied to discharge past tax demands to the extent of the tax, while interest and penalties must be paid in cash, though departmental disputes may arise. Discussion-Forum GST Wed, 05 Jul 2023 12:47:09 +0530 https://www.taxtmi.com/forum/issue?id=118621