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Electronic Credit Ledger- A Detailed Discussion
There are two important ledgers under GST, the first one is Electronic Cash Ledger and the second is Electronic Credit Ledger. The electronic credit ledger shall be maintained in FORM GST PMT-02 for each registered person eligible for input tax credit under the Act on the common portal and every claim of input tax credit under the Act shall be credited to the said ledger. In other words, all the credit accrued on an account of purchases made.................. Read More
Electronic Cash Ledger-A Comprehensive Discussion
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. Each major head is divided into five minor heads i.e., 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. In this article we are going to discuss in detail..................... Read More