Electronic Cash Ledger Archives - Tax Heal

How to check Electronic Cash Ledger on GST Portal

CA Satbir Singh — Sun, 20 Aug 2017 12:59:17 +0000

How can I view the Electronic Cash Ledger?

The Electronic Cash Ledger contains a summary of all the deposits made by a taxpayer. In the ledger, information is displayed major head-wise i.e., IGST, CGST, SGST/UTGST and CESS. Each major head is further divided into five minor heads: Tax, Interest, Penalty, Fee and Others.

To view the Electronic Cash Ledger, perform the following steps:

1. Access the https://www.gst.gov.in/ URL. The GST Home page is displayed.

2. Login to the GST Portal with valid credentials.

3. Click the Services > Ledgers > Electronic Cash Ledger command.

4. The Electronic Cash Ledger page is displayed. Under the Cash Balance as on date column, the cash balance is displayed.

Note: You can click the link for the amount displayed under Cash Balance as on date to view the summary of the Cash Balance.

5. Click the Electronic Cash Ledger link.

6. Select the “From” and “To” date using the calendar to select the period for which you want to view the Electronic Cash Ledger.

7. Click the GO button.

Note: You can view the Electronic Cash Ledger for a maximum period of six months only.

The Electronic Cash Ledger – Details are displayed.

Note:

Click the SAVE AS PDF button to save the Electronic Cash Ledger in the pdf format.
Click the SAVE AS EXCEL button to save the Electronic Cash Ledger in the excel format.

You can click the amount displayed under any of the Major Heads to view the Minor Heads details.

The pop-up window appears with the respective Minor Head details of the selected Major Head, as shown in the screen.

FAQ on Electronic Cash Ledger

Rule 87 CGST Rules 2017 : Electronic Cash Ledger

CA Satbir Singh — Thu, 13 Jul 2017 10:27:16 +0000

Rule 87 CGST Rules 2017

Summary of Rule 87 CGST Rules 2017

( Rule 87 CGST Rules 2017 explains Electronic Cash Ledger and is covered in Chapter IX – Payment of Tax : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017 Amended by Central Goods and Services Tax (Fifth Amendment) Rules, 2017.)

Rule 87 CGST Rules 2017

Electronic Cash Ledger

87. (1) The electronic cash ledger under sub-section (1) of section 49 shall be maintained in FORM GST PMT-05 for each person, liable to pay tax, interest, penalty, late fee or any other amount, on the common portal for crediting the amount deposited and debiting the payment therefrom towards tax, interest, penalty, fee or any other amount.

(2) Any person, or a person on his behalf, shall generate a challan in FORM GST PMT-06 on the common portal and enter the details of the amount to be deposited by him towards tax, interest, penalty, fees or any other amount.

1[Provided that the challan in FORM GST PMT-06 generated at the common portal shall be valid for a period of fifteen days:

Provided further that a person supplying online information and database access or retrieval services from a place outside India to a non-taxable online recipient referred to in section 14 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017) may also do so through the Board’s payment system namely, Electronic Accounting System in Excise and Service Tax from the date to be notified by the Board. ]

(3) The deposit under sub-rule (2) shall be made through any of the following modes, namely:—

(i)		Internet Banking through authorised banks;
(ii)		Credit card or Debit card through the authorised bank;
(iii)		National Electronic Fund Transfer or Real Time Gross Settlement from any bank; or
(iv)		Over the Counter payment through authorised banks for deposits up to ten thousand rupees per challan per tax period, by cash, cheque or demand draft:

Provided that the restriction for deposit up to ten thousand rupees per challan in case of an Over the Counter payment shall not apply to deposit to be made by –

(a)		Government Departments or any other deposit to be made by persons as may be notified by the Commissioner in this behalf;
(b)		Proper officer or any other officer authorised to recover outstanding dues from any person, whether registered or not, including recovery made through attachment or sale of movable or immovable properties;
(c)		Proper officer or any other officer authorised for the amounts collected by way of cash, cheque or demand draft during any investigation or enforcement activity or any ad hoc deposit:

² [Provided further that a person supplying online information and database access or retrieval services from a place outside India to a non-taxable online recipient referred to in section 14 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017) may also make the deposit under sub-rule (2) through international money transfer through Society for Worldwide Interbank Financial Telecommunication payment network, from the date to be notified by the Board. ]

Explanation.—For the purposes of this sub-rule, it is hereby clarified that for making payment of any amount indicated in the challan, the commission, if any, payable in respect of such payment shall be borne by the person making such payment.

(4) Any payment required to be made by a person who is not registered under the Act, shall be made on the basis of a temporary identification number generated through the common portal.

(5) Where the payment is made by way of National Electronic Fund Transfer or Real Time Gross Settlement mode from any bank, the mandate form shall be generated along with the challan on the common portal and the same shall be submitted to the bank from where the payment is to be made:

Provided that the mandate form shall be valid for a period of fifteen days from the date of generation of challan.

(6) On successful credit of the amount to the concerned government account maintained in the authorised bank, a Challan Identification Number shall be generated by the collecting bank and the same shall be indicated in the challan.

(7) On receipt of the Challan Identification Number from the collecting bank, the said amount shall be credited to the electronic cash ledger of the person on whose behalf the deposit has been made and the common portal shall make available a receipt to this effect.

(8) Where the bank account of the person concerned, or the person making the deposit on his behalf, is debited but no Challan Identification Number is generated or generated but not communicated to the common portal, the said person may represent electronically in FORM GST PMT-07 through the common portal to the bank or electronic gateway through which the deposit was initiated.

(9) Any amount deducted under section 51 or collected under section 52 and claimed in FORM GSTR-02 by the registered taxable person from whom the said amount was deducted or, as the case may be, collected shall be credited to his electronic cash ledger in accordance with the provisions of rule 87.

(10) Where a person has claimed refund of any amount from the electronic cash ledger, the said amount shall be debited to the electronic cash ledger.

(11) If the refund so claimed is rejected, either fully or partly, the amount debited under sub-rule (10), to the extent of rejection, shall be credited to the electronic cash ledger by the proper officer by an order made in FORM GST PMT-03.

(12) A registered person shall, upon noticing any discrepancy in his electronic cash ledger, communicate the same to the officer exercising jurisdiction in the matter, through the common portal in FORM GST PMT-04.

Explanation 1.—The refund shall be deemed to be rejected if the appeal is finally rejected.

Explanation 2.—For the purposes of this rule, it is hereby clarified that a refund shall be deemed to be rejected, if the appeal is finally rejected or if the claimant gives an undertaking to the proper officer that he shall not file an appeal.

Notes on Amendments in Rule 87 CGST Rules 2017

2. Substituted by the Central Goods and Services Tax (Fifth Amendment) Rules, 2017, w.e.f. 17-8-2017. Prior to its substitution, second proviso read as under :

“Provided further that the challan in FORM GST PMT-06 generated at the common portal shall be valid for a period of fifteen days.”

1. Inserted by the Central Goods and Services Tax (Fifth Amendment) Rules, 2017, w.e.f. 17-8-2017

Also refer CBIC Website Click here

What is the Electronic Cash Ledger under GST ?

CA Satbir Singh — Wed, 12 Jul 2017 10:16:10 +0000

Electronic Cash Ledger

1. What is the Electronic Cash Ledger?

The Electronic Cash Ledger contains a summary of all the deposits/payments made by a taxpayer. In the ledger, information is kept minor head-wise for each major head. For convenience of user, the ledger is displayed major head-wise i.e., IGST, CGST, SGST/UTGST, and CESS. Each major head is divided into five minor heads: Tax, Interest, Penalty, Fee, and Others. It can be accessed under the post-login mode on the GST portal under Services > Ledgers > Electronic Cash Ledger

Electronic Cash Ledger is an account of the taxpayer maintained by GST system reflecting the cash deposits in recognized Banks and payments of taxes and other dues made by the taxpayer. The Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) are also accounted for in the Electronic Cash Ledger as cash deposits of the taxpayer.

A registered taxpayer can make cash deposits in the recognized Banks through the prescribed modes to the Electronic Cash Ledger using any of the Online or Offline modes permitted by the GST Portal. The Cash deposits can be used for making payment(s) like tax liability, interest, penalties, fee, and others.

The Electronic Cash Ledger has four Major Heads IGST, CGST, SGST/UTGST, and CESS. Each of these Major Heads have the five following Minor Heads:

1. Tax

2. Interest

3. Penalty

4. Fee

5. Others

When a taxpayer creates a Challan, the taxpayer chooses the amounts to be added to each Minor Head within Each Major Head. Once the payment against the Challan is made successfully and the CIN communicated to the GST system, the Electronic Cash Ledger gets updated with the funds under the Major and Minor Heads respectively as per the Challan. Cross utilization of funds across major or minor heads is NOT possible once payment is made.

Let us understand this better with an example. A taxpayer made a cash deposit of INR 1000 to IGST – Tax through net banking. After successful payment, the Bank reference number communicated by the bank along with the CIN to the GST system will be reflected in the Electronic Cash Ledger as reference number. The tax payer can utilise this cash deposit of INR 1000 in the cash ledger to make payment ONLY of the IGST – Tax liability by debiting the Cash Ledger.

2. Where is the Electronic Cash Ledger maintained?

Electronic Cash Ledger is maintained on the GST Portal available at https://www.gst.gov.in/

3. How can a taxpayer view their Electronic Cash Ledger?

A taxpayer can view their Electronic Cash Ledger by logging on to the GST Portal available at https://www.gst.gov.in/

4. Can anyone else view my Electronic Cash Ledger?

Electronic Cash Ledger can only be viewed by the taxpayers themselves, or their authorized signatories and GST Practitioner. It can also be viewed by their Jurisdictional Officials (JO).

5. How can a taxpayer view details of transactions in the Electronic Cash Ledger for a specific period?

To view the details of the transactions, the taxpayer can view the Electronic Cash Ledger for the required duration. The option is available on the landing page of the Electronic Cash Ledger. A maximum of 6 months transactions can be viewed at a time.

6. How can the cash available in the Electronic Cash Ledger be utilised? Can a taxpayer utilise the amount available in any minor head of a major head for any other minor head of the same major head?

The amount available in the Electronic Cash Ledger can be utilised for payment of any liability for the respective major and minor heads. For example, liability for the tax under SGST/UTGST can be settled only from the available amount of cash under SGST/UTGST Major head.

For example, an amount of INR 1000 is available under minor head ‘tax’ of major head ‘SGST/UTGST’ and the taxpayer has a liability of INR 200 for minor head ‘interest’ under the same major head ‘SGST/UTGST’. Since, there is no amount available under minor head ‘interest’ under major head “SGST/UTGST”, therefore, interest payment cannot be made from the amount available under ‘tax’ of the same major head.

7. Is transfer of funds between the major heads permissible for discharging liabilities?

Amount available under one major head (SGST/UTGST, CGST, IGST or CESS) cannot be utilised for discharging the liability under any other major head. For example, amount available in SGST/UTGST cannot be utilised for discharging liabilities under CGST, IGST, or CESS and vice versa.

8. Would the amount deposited inadvertently in the Electronic Cash Ledger remain there?

Yes, any additional amount deposited inadvertently will remain in the Electronic Cash Ledger and can be used to discharge liabilities in subsequent tax periods.

Alternatively, the excess amount deposited in the Electronic Cash Ledger can be claimed as refund by selecting the relevant option while filing the periodic return or via refund application.

9. How can a taxpayer check the available balance in the Electronic Cash Ledger?

A taxpayer can log on to the GST Portal Portal and navigate to the electronic cash ledger home page in the following way : Services > Ledgers > Electronic cash Ledger. The balance is shown on the right hand corner under the head “Cash balance as on Date:”. A summary of the major head wise balance is displayed when the cursor is placed on the same. To know the details of the transaction the taxpayer needs to submit a request for the report by giving the date range.

10. Can the amount available in cash ledger be deemed as payment for any liability?

No, unless the taxpayer makes a debit entry from a cash ledger for a specific liability, the amount lying in the cash ledger cannot be assigned to any liability.

11. Can a Departmental Officer debit my cash ledger in lieu of outstanding dues?

Yes, in exceptional circumstances, especially when the amount of additional demand is not stayed by the Appellate Authority, Tribunal, or Court, the amount can be debited from your Electronic Cash Ledger to the extent of the demand.

12. Is it necessary to claim refund of the excess amount available in the Electronic Cash Ledger?

No, the amount may continue to remain in the cash ledger and can be utilised for any future liability.

13. Do the funds in the Electronic Cash Ledger include my Input Tax Credits (ITC)?

No, Input Tax Credits is only available in the Electronic Credit Ledger.

14. Do the funds in the Electronic Cash Ledger include my TDS and TCS Credits? If yes, can I use them to discharge my tax liabilities?

Yes, all your TDS & TCS credits, once accepted by you, will reflect in your Electronic Cash Ledger. You can use these credits to discharge tax liabilities.

15. When will payments made through challans be reflected in the cash ledger?

S.No.	Mode of Payment	When is the deposit reflected in the Cash Ledger
1.	Online payment through net banking in authorized Banks	On receipt of CIN from the bank. It is generally shared by the bank instantly but at times there may be delay.
2.	OTC payment through cash and self-bank cheque in authorized banks	On receipt of CIN from the bank. It is generally shared by the bank instantly on receipt of cash or realization of cheque but at times there may be delay
3.	OTC payment through other bank cheques of same station in authorized Banks	On receipt of CIN from the bank. In case of cheques Banks are given 90 days’ time period to share the CIN details
4.	OTC payment through other outstation bank cheques in authorized Banks	On receipt of CIN from the bank. In case of cheques Banks are given 90 days’ time period to share the CIN details
5.	Online NEFT/RTGS payments though non-authorized but recognized Banks	As soon as RBI shares CIN details. Usually can be on the same day.
6.	Over the counter NEFT/RTGS payments through non-authorized Banks	As soon as RBI shares CIN details. Usually can be on the same day.
7.	Payment through Credit Card/Debit Card	After 24 hours of Payment. But once amount is debited and Payment Gateway confirms the receipt of amount, Banks are given 45 days’ time to confirm the payment and cash ledger will be updated after final confirmation from the bank.

On successful payment CIN is communicated by the Bank to the GST System along with a unique reference number generated by the banking system which gets captured in the electronic cash ledger of the taxpayer. The Electronic Cash Ledger gets updated on a near real time basis.

In case of outstation cheque in OTC mode, CIN and the bank reference number (BRN) is communicated by the Bank to GST System when the cheque is realized and amount is credited to the Government account from the taxpayers account.

On receipt of the CIN, the Cash Ledger gets updated on a near real time basis.

16. What should a taxpayer do if his payments through challan are not reflected in the cash ledger?

The taxpayer should raise a grievance on the GST Portal 24 hours after the successful payment communication is made by the Bank to the Taxpayer using the GST PMT-06 form.

17. What should a taxpayer do if the displayed figures in the cash ledger appear erroneous to him?

The taxpayer can raise a grievance on the GST Portal using the GST PMT-04 form.

How to view GST Electronic Cash Ledger?

CA Satbir Singh — Wed, 12 Jul 2017 08:39:01 +0000

GST Electronic Cash Ledger

To view the Electronic Cash Ledger, perform the following steps:

1. Access the https://www.gst.gov.in/ URL. The GST Home page is displayed.

2. Login to the GST Portal with valid credentials.

3. Click the Services > Ledgers > Electronic Cash Ledger command.

4. The Electronic Cash Ledger page is displayed. Under the Cash Balance as on date column, the cash balance is displayed.

Note: You can click the link for the amount displayed under Cash Balance as on date to view the summary of the Cash Balance.

5. Click the Electronic Cash Ledger link.

6. Select the “From” and “To” date using the calendar to select the period for which you want to view the Electronic Cash Ledger.

7. Click the GO button.

Note: You can view the Electronic Cash Ledger for a maximum period of six months only.

The Electronic Cash Ledger – Details are displayed.

Note:

Click the SAVE AS PDF button to save the Electronic Cash Ledger in the pdf format.
Click the SAVE AS EXCEL button to save the Electronic Cash Ledger in the excel format.

You can click the amount displayed under any of the Major Heads to view the Minor Heads details.

The pop-up window appears with the respective Minor Head details of the selected Major Head, as shown in the screen.

GST PMT 05 Download Print – Electronic Cash Ledger

CA Satbir Singh — Tue, 13 Jun 2017 05:29:57 +0000

Final GST Payment of Tax Rules approved by GST Council 18.05.2017

Form GST PMT –05

(See Rule —- )

Electronic Cash Ledger

(To be maintained at the Common Portal)

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Electronic Cash Ledger Archives - Tax Heal

How to check Electronic Cash Ledger on GST Portal

How can I view the Electronic Cash Ledger?

FAQ on Electronic Cash Ledger

Related Topic on GST

Rule 87 CGST Rules 2017 : Electronic Cash Ledger

Rule 87 CGST Rules 2017

Rule 87 CGST Rules 2017

Notes on Amendments in Rule 87 CGST Rules 2017

Related Topic on GST

What is the Electronic Cash Ledger under GST ?

Electronic Cash Ledger

1. What is the Electronic Cash Ledger?

2. Where is the Electronic Cash Ledger maintained?

3. How can a taxpayer view their Electronic Cash Ledger?

4. Can anyone else view my Electronic Cash Ledger?

5. How can a taxpayer view details of transactions in the Electronic Cash Ledger for a specific period?

6. How can the cash available in the Electronic Cash Ledger be utilised? Can a taxpayer utilise the amount available in any minor head of a major head for any other minor head of the same major head?

7. Is transfer of funds between the major heads permissible for discharging liabilities?

8. Would the amount deposited inadvertently in the Electronic Cash Ledger remain there?

9. How can a taxpayer check the available balance in the Electronic Cash Ledger?

10. Can the amount available in cash ledger be deemed as payment for any liability?

11. Can a Departmental Officer debit my cash ledger in lieu of outstanding dues?

12. Is it necessary to claim refund of the excess amount available in the Electronic Cash Ledger?

13. Do the funds in the Electronic Cash Ledger include my Input Tax Credits (ITC)?

14. Do the funds in the Electronic Cash Ledger include my TDS and TCS Credits? If yes, can I use them to discharge my tax liabilities?

15. When will payments made through challans be reflected in the cash ledger?

16. What should a taxpayer do if his payments through challan are not reflected in the cash ledger?

17. What should a taxpayer do if the displayed figures in the cash ledger appear erroneous to him?

Related Topic on GST Challan & Electronic Cash Ledger

Related Topic on GST

How to view GST Electronic Cash Ledger?

GST Electronic Cash Ledger

Related Topic on GST Challan

Related Topic on GST

GST PMT 05 Download Print – Electronic Cash Ledger

Form GST PMT –05

Download Form GST PMT –05 in PDF