GST Pre-Deposit Via Credit Ledger allowed: SC Upholds Gujarat HC Ruling

Union Of India & Anr. Vs Yasho Industries Ltd (Supreme Court of India) Supreme Court of India has dismissed a Special Leave Petition filed by the Union of India, thereby upholding a Gujarat High Court judgment that allowed Yasho Industries Limited to pay the pre-deposit for its Goods and Services Tax (GST) appeal using its Electronic Credit Ledger (ECL). This decision reinforces the legal standing for businesses to utilize their available input tax credit for such mandatory payments, rejecting the Revenue Department’s insistence on payment through the Electronic Cash Ledger. The case...