Electronic Cash Ledger Refund: Key Queries & Tips
Under the Indian Goods and Services Tax (GST) system, the Electronic Cash Ledger stands as a vital digital element to store taxpayer funds. Taxpayers use this digital storage system to make their tax payments. The cash ledger system enables businesses, along with individuals, to possess surplus balances because of diverse grounds, including tax payments in excess of requirements and accidental deposits and shifts in tax obligations. The procedure enables taxpayers to seek reimbursement of their surplus cash.