In Electronic cash ledger
every deposit made by a person by internet banking or by
using credit or debit cards or National Electronic Fund Transfer
(NEFT) or Real Time Gross Settlement (RTGS) or by over the
counter deposit will be credited to the electronic cash ledger.
The amount available in the electronic cash ledger may be used
for making any payment towards tax, interest, penalty, fees or
any other amount payable. (in simple words it's the payment you made in GST)
In the Electronic Credit Ledger, all credits accrued on account of inward supplies made by a taxpayer within a tax period are accumulated.
As per Section 2(43) of CGST Act , Cash Ledger refered in Section 49(1), the cash ledger is maintained in PMT 05 & for pay Tax , Interest, penalty, Late fee .
As per Section 2(46) of CGST Act means refered in Section 49(2) it is maintained in For GST PMT 02, contains summary of input tax availed & utilised
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