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 ?
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Electronic cash ledger
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Yes if all your returns(GSTR 3B) have correctly i.e in lined with your accounts, been submitted then balance as on particular date of both books and cash ledger will tally.
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
So as per simple math, Your Cash ledger should be equal to Your Liability Register (less) Eligible ITC
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