Use of Input Tax Credit (ITC) for GST Appeal Pre-Deposit

What’s New:
The Supreme Court has upheld that the 10% pre-deposit for GST appeals can be made using the Electronic Credit Ledger (ECL).

Why It Matters:
Earlier, only the cash ledger could be used, causing liquidity strain. Now, businesses can use their accumulated ITC instead.

Action Required:
Consult your tax advisor if you have ongoing or planned GST appeals.