Home GST Pre-deposit Enchantment Below GST Can Be Achieved Through E-Credit score Ledger As a substitute of the E-Money Ledger

Pre-deposit Enchantment Below GST Can Be Achieved Through E-Credit score Ledger As a substitute of the E-Money Ledger

0
Pre-deposit Enchantment Below GST Can Be Achieved Through E-Credit score Ledger As a substitute of the E-Money Ledger
Orissa HC's Order for Kiran Motors

The Orissa Excessive Court docket in a latest judgement dominated {that a} pre-deposit underneath GST attraction may very well be incurred by way of Digital Money Ledger (ECL).

The Petitioner, Kiran Motors urged to put aside the order dated 31.03.2023 handed by the Addl. Commissioner of Central Tax (CT) & Items and Service Tax(GST) is that the appellate authority denied the attraction because the pre-deposit of 10% of admitted tax quantity was debited by way of the Digital Credit score Ledger (ECL) relatively than Digital Money Ledger.

The round dated sixth July 2022 that has been issued by the GST Coverage Wing, Central Board of Oblique Taxes and Customs, Division of Income, Ministry of Finance, Authorities of India, has clarified that fee of pre-deposit could be created by means of the usage of ECL.

The Petitioner has already made the pre-deposit using the ECL, which the Division will now settle for, in keeping with the Petitioner’s authorized counsel.

An summary of all deposits and funds made by a taxpayer could also be seen within the digital money ledger. Info is recorded within the ledger for every minor head underneath every main head. The ledger is offered foremost head-wise for the consumer’s comfort, i.e., IGST, CGST, SGST/UTGST, and CESS. Tax, Curiosity, Penalty, Price, and Others are the 5 minor heads which are subdivided into every foremost head.

Learn Additionally: Madras HC: No GST Refund of Pretend ITC Quantity in E-Credit score Ledger

On September 11, 2023, the attraction will now be heard by the Extra Commissioner of CT & GST, the primary appellate authority. On that day, the petitioner will seem earlier than the appellate authority with a downloaded copy of the ruling. After listening to from the Petitioner and the Division, the attraction will then be determined once more inside the subsequent three months. the Dr Justice B R Sarangi and Justice Murahari Sri Raman-led courtroom dominated.

LEAVE A REPLY

Please enter your comment!
Please enter your name here