e-Tax liability, e-Cash Ledger,e-Credit Register

What are E-Ledgers under GST?

Ans. Electronic Ledgers or E-Ledgers are statements of cash and input tax credit in respect of each registered taxpayer. In addition, each taxpayer shall also have an electronic tax liability register. Once a taxpayer is registered on Common Portal (GSTN), 2 e-ledgers (Cash & Input Tax Credit) and an electronic tax liability register will be automatically opened and displayed on his dashboard at all times.

What is a tax liability register under GST?

Ans. Tax Liability Register will reflect the total tax liability of a taxpayer (after netting) for the particular month.

Download GST PMT 1 Electronic Tax Liability Register

What is a Cash Ledger under GST?

Ans. The cash ledger will reflect all deposits made in cash, and TDS/TCS made on account of the taxpayer. The information will be reflected on real time basis. This ledger can be used for making any payment on account of GST.

Download GST PMT 3 Electronic Cash Ledger

What is an ITC Ledger/e-Credit Register under GST?

Ans. Input Tax Credit as self-assessed in monthly returns will be reflected in the ITC Ledger. The credit in this ledger can be used to make payment of TAX ONLY and not other amounts such as interest, penalty, fees etc.

Download GST PMT 2 Electronic Credit Ledger

GST Payment Formats 

Download GST Draft Payment Rules Released by CBEC

Download GST Draft Payment formats Released by CBEC

Free Education Guide on Goods & Service Tax (GST)