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

  • 28 Jun 2022
  • Edukating Team
  • 193

As per the recent tweet by CNBC-TV18, sources say the GST Council allows for money in E-credit & E-cash ledgers to be used to pay output tax dues in returns. GST Council told that solicitor general to defend NAA in cases where its constitutional validity is challenged.

  • CGSTC allows for money in E-credit & E-cash ledgers to be used to pay output tax dues in returns
  • Amounts available in E-credit & E-cash ledgers cannot be used to pay penalty, interest or fees
  • Auto-population of GSTR3B & annual returns to be allowed for better compliance
  • New return filing system to be withdrawn, no longer relevant
  • GSTC took up a comprehensive review of national anti-profiteering authority
  • GSTC told that solicitor general to defend NAA in cases where its constitutional validity is challenged
  • GSTC agrees to ease refund claims process under inverted duty structure for select concessional goods
  • Govt may soon appeal in SC cases where NAA has been remanded by state high courts against orders
  • GSTC told NAA has setup panel of advocates to ensure justice to consumers where profiteering has occurred

Source from - https://twitter.com/CNBCTV18Live/status/1541713004311777281?t=iugH7SmklkzFhIsbRhBWKw&s=19

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