(1) The electronic credit ledger shall be maintained in FORM GST PMT—OZ for each registered person eligible for input tax credit under the Act on the corann portal and every claim of input tax credit under the Act shall be credited to the said ledger.
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(2) The electronic credit ledger shall be debited to the extent of discharge ofany liability in accordance with the provisions ofsection 49.
(3) Where a registered person has claimed refund of any unutilized amount from the electronic credit lcdger in accordance with the provisions of section 54, the amount to the extent ofthe claim shall be debited in the said ledger.
(4) [f the refund so filed is rejected, either fully or partly, the amount debited under subrule (3), to the extcnt of rejection, shall be re-credited to the electronic credit ledger by the proper officer by an order made in FORM GST PMT-03.
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(5) Save as provided in the provisions ofthis Chapter, no entry shall be made directly in the electronic credit ledger under any circumstance
(6) A registered person shall, upon noticing any discrepancy in his electronic credit ledger, communicate the same to the officer exercising jurisdiction in the matter, through the common portal in FORM GST PMT-04.
Explanation.— For the purposes of this rule, it is hereby clarified that a refund shall be deemed to be rejected, ifthe appeal is finally rejected or ifthe claimant gives an undertaking to the proper officer that he shall not file an appeal.