Pranjali
(intern)
(2216 Points)
Replied 16 August 2018
Equitable charge is the security that the lendors require from the debtors in case of a default by the debtor. It is essentially an undertaking. It gives the lendor the judicial right over the asset for recovery.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)