GST: Taxpayers can Now Apply for Refund of Excess amount in their Electronic Cash Ledger
In a major relief to taxpayers, the Government has enabled the facility for applying for a refund of excess amount in their Electronic cash ledger. The facility is now available in the Goods and Services Tax portal. The facility can be accessed in the GST portal post login in the Refund Menu - Refund of Excess Balance in E-Cash ledger. Under GST, an E-Cash Ledger serves as an electronic...
In a major relief to taxpayers, the Government has enabled the facility for applying for a refund of excess amount in their Electronic cash ledger.
The facility is now available in the Goods and Services Tax portal.
The facility can be accessed in the GST portal post login in the Refund Menu - Refund of Excess Balance in E-Cash ledger.
Under GST, an E-Cash Ledger serves as an electronic wallet which basically reflects all the deposits made in cash using various modes. Where, the taxpayer needs to make any payment such as tax, interest, penalty, etc and he does not have enough credit in his E-Credit ledger, he will have to simply add money to the wallet and the money will be utilized to make the payment.
