Section 49 - Payment of tax, interest, penalty and other amounts

Finin2min Summary

In practical work, use this provision by first fixing the taxable event or procedural step, then connecting the facts to Chapter X and the linked Rules, forms, notifications, circulars and State/UT GST law.

Bare Act / Law / Rules / Notifications

Section 49. Payment of tax, interest, penalty and other amounts.- (1) Every deposit made towards tax, interest, penalty, fee or any other amount by a person by internet banking or by using credit or debit cards or National Electronic Fund Transfer or Real Time Gross Settlement or by such other mode and subject to such conditions and restrictions as may be prescribed , shall be credited to the electronic cash ledger of such person to be maintained in such manner as may be prescribed . (2) The input tax credit as self-assessed in the return of a registered person shall be credited to his electronic credit ledger, in accordance with 1 [ section 41 2 [***]], to be maintained in such manner as may be prescribed . (3) The amount available in the electronic cash ledger may be used for making any payment towards tax, interest, penalty, fees or any other amount payable under the provisions of this Act or the rules made thereunder in such manner and subject to such conditions and within such time as may be prescribed . (4) The amount available in the electronic credit ledger may be used for making any payment towards output tax under this Act or under the Integrated Goods and Services Tax Act in such manner and subject to such conditions 3 [and restrictions] within such time as may be prescribed. (5) The amount of input tax credit available in the electronic credit ledger of the registered person on account of- (a) integrated tax shall first be utilised towards payment of integrated tax and the amount remaining, if any, may be utilised towards the payment of central tax and State tax, or as the case may be, Union territory tax, in that order; (b) the central tax shall first be utilised towards payment of central tax and the amount remaining, if any, may be utilised towards the payment of integrated tax; (c) the State tax shall first be utilised towards payment ...

Workflow / Flow Chart

1. Read the official statutory text of Section 49 with Chapter X and note every proviso or explanation.

Q&A

What does Section 49 cover?

Section 49 covers payment of tax, interest, penalty and other amounts within Chapter X of the CGST Act.

Can this page replace the official Act?

No. Use this page as a practical guide, then verify Section 49 in India Code, CBIC and any applicable Gazette notification.

What should be retained for Section 49?

Keep the official source, fact matrix, invoices or returns, portal acknowledgements, calculations, correspondence, notices/orders and reviewer conclusion.

Primary Official Sources

• India Code consolidated CGST Act PDFofficial consolidated Act PDF used for statutory cross-check
• CBIC Tax Information Act explorerofficial CBIC section explorer route
• GST Council Central GST resourcesofficial GST Council route for central GST law resources
• CBIC official section content payloadofficial CBIC section HTML payload used for the statutory extract

Related Inter / Intra Links

Section 49 should be read inside the wider GST law hub with CGST Rules, GST forms, circulars, notifications, case-law and practical workflow pages.

Disclaimer

Finin2min provides this Section 49 page for education and professional research. Official India Code, CBIC, Gazette and court sources control the legal position for Payment of tax, interest, penalty and other amounts.