alleryStart learning →A taxpayer must pay interest under the Act. Which ledger balance can be used?
AElectronic credit ledger
BElectronic liability register
CElectronic cash ledger
DElectronic refund ledger
Answer & Solution
Correct answer: C. Electronic cash ledger
Cash ledger balance may pay tax, interest, penalty, fees or any other amount payable under the Act.
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Related questions
Under section 53, CGST credit used for IGST dues makes central tax collected?When central tax credit pays IGST, the Centre transfers the sum to which account?The power to collect TCS operates without prejudice to what?Interest on a TCS mismatch added to a supplier's liability follows which provision?Rectification of a TCS statement is barred after the due date of which month?Who claims credit in the cash ledger of the amount an operator collected?The operator's annual TCS statement is due before which date after the year ends?Within how many days after month-end must the operator pay collected TCS?