GST Council allows for money in E-credit & E-cash ledgers to be used to pay output tax dues
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- New return filing system to be withdrawn, no longer relevant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