GSTN Update: Know the 2 New ECL updates made by CBIC:

The Central Board of Indirect Taxes and Custom(CBIC) has notified the latest updates on Electronic Cash Ledger (ECL) via their official twitter account.

2 New ECL updates made by CBIC

Reetu

Apr 6, 2023

Last update on Apr 6, 2023

GSTN Update: Know the 2 New ECL updates made by CBIC The Central Board of Indirect Taxes and Custom(CBIC) has notified the latest updates on Electronic Cash Ledger (ECL) via their official twitter account. As per the new updates, Two enablements have been made available for users:

OTP on SMS for duty payment from wallet in addition to OTP on registered email id.
Transactions wise details have been made available on e-cash ledger.

On the Contrary, CBIC has notified the phased implementation of Electronic Cash Ledger in the Customs w.e.f 1st April. Electronic Cash Ledger (ECL) functionality is envisaged in Section 51A of the Customs Act, 1962. It provides enabling provision whereby the importer, exporter or any person liable to pay duty, fees etc., under the Customs Act, has to make a non-interest bearing deposit with the Government for the purpose of payment.

About Author

Reetu

Content Manager

Reetu is a Content Writer with 4+ years of experience in GST, Income Tax, Finance, Company Law, Education and Career Related Content. She is a B.COM (Honrs.) Graduate.