Practice
4510 Points
Posted on 28 May 2018
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