Gujarat HC Upholds Pre-Deposit Payment via Electronic Credit Ledger

Yasho Industries Limited Vs Union of India & Anr. (Gujarat High Court) The Gujarat High Court has ruled that a company can fulfill its pre-deposit requirement for an appeal under the Goods and Services Tax (GST) Act by utilizing funds from its Electronic Credit Ledger (ECL), rather than being compelled to use the Electronic Cash Ledger (ECL). The decision came in the case of Yasho Industries Limited versus the Union of India & Anr., quashing a directive from tax authorities that mandated payment through the cash ledger. Yasho Industries Limited, a manufacturer and exporter of specializ...