difference between electronic cash ledger and credit ledger
srinivas (Accountant) (37 Points)
28 May 2018
pls any one can explain about ele. cash ledger and credit ledger in gst.
4 Replies
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 28 May 2018
| Originally posted by : srinivas | ||
 |
pls any one can explain about ele. cash ledger and credit ledger in gst. |  |
Electronic Cash Ledger
Under this ledger cash payment through NEFT/ RTGS reflected
It is Just like E-Wallet ( like Paytm )
Electronic Credit Ledger
Under this ledger Input tax credit taken in GSTR-3B reflected
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 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
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