GSTC Permits the use of Funds from E-Credit & E-Cash Ledgers to pay output tax dues in Returns

GSTC allows for money in E-credit & E-cash ledgers to be used to pay output tax dues in returns

GSTC allows for money in E-credit & E-cash ledgers to be used to pay output tax dues in returns. The solicitor general was instructed by GSTC to represent NAA in cases where its constitutionality is questioned.

Here is what the source told:
  • The GSTC permits the use of funds in the E-credit and E-cash ledgers to settle output tax obligations in returns.
  • E-credit and E-cash ledger balances cannot be used to pay penalties, interest, or other costs.
  • For greater compliance, auto-population of GSTR3B & annual returns would be permitted.
  • Unneeded, the new return filing system will be discontinued.
  • The GSTC began a thorough examination of the national anti-profiteering authority.
  • GSTC instructed the solicitor general to support the NAA in cases in which its constitutionality is contested.
  • GSTC agrees to simplify the refund claims process for some concessional goods under an inverted duty structure.
  • In SC cases where NAA has been remanded by state high courts in opposition to orders, the government may soon appeal.
  • In cases of profiteering, GSTC informed NAA that a panel of attorneys had been established to ensure customers received justice.