dineshsingh (asst.accounts manager) 31 May 2020
Pls comment : Balance as per electronic cash ledger should tally with laiblity/payable OR receivable in ase of ITC towards GST in books of accounts at a given particular date ?
Hardik Hindocha 31 May 2020
Your E-Cash ledger balance is amount payable in cash (when available/eligible ITC falls short against balance in E-liability register).
So as per simple math, Your Cash ledger should be equal to Your Liability Register (less) Eligible ITC