difference between electronic cash ledger and credit ledger

ITC / Input 2960 views 4 replies
pls any one can explain about ele. cash ledger and credit ledger in gst.
Replies (4)
Originally posted by : srinivas
pls any one can explain about ele. cash ledger and credit ledger in gst.

Electronic Cash Ledger

Under  this ledger cash payment through NEFT/ RTGS reflected

It is Just like E-Wallet ( like Paytm )

Electronic Credit Ledger

Under this ledger Input tax credit taken in GSTR-3B reflected

 

Electronic liability ledger (also known as electronic tax liability register): Accounts for a taxpayer’s gross tax liability — form GST PMT-01 on the GST portal.

Electronic credit ledger (also known as electronic input tax credit ledger): Records the tax payments already made during the supply chain. Every claim of ITC is recorded here — form GST PMT-02

Electronic cash ledger: All amounts paid by the taxpayer are reflected here — form GST PMT-05
 

Yes, Ravi sir. Good explanation.
thanks a lot


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