LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

Electronic Ledger

zama (student) (52 Points)

01 July 2017

Can any one Explain the concept of e-ledger in GST

Reply
Follow
Share

1 Replies

anuj rathi (bcom) (275 Points)
Replied 01 July 2017

its a ledeger which is maintain by gov. in real time basis.
you fill the gstr 1 return and gstr 2 return your credit automatically credited in electronic ledger..
if your payable side is higher than credit side than you are liable pay tax in cash and your credit side is higher than you carried forrward your credit.
now you have no complexity and headche to maintain credit info.
gov. provide you correct and proper credit anount