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TMI BlogElectronic Cash/Credit Ledgers and Liability Register in GSTX X X X Extracts X X X X X X X X Extracts X X X X ..... ation which can be viewed from any place by simply logging into the common portal. Electronic liability register, electronic cash ledger and electronic credit ledger of taxpayer will be updated on generation of GSTR-3 by the taxpayer. A unique identification number shall be generated at the common portal for each debit or credit to the electronic cash or credit ledger. The unique identification number relating to discharge of any liability shall be indicated in the corresponding entry in the electronic liability register. In case of any discrepancy in his electronic liability ledger, electronic cash ledger or electronic credit ledger the registered person has to communicate the same to the officer exercising jurisdiction in the matter, thro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... me specified in the Act or the rules. The electronic liability register of the person shall indicate the following- the amount payable towards tax, interest, late fee or any other amount payable as per the return furnished by the said person; the amount of tax, interest, penalty or any other amount payable as determined by a proper officer in pursuance of any proceedings under the Act or as ascertained by the said person; the amount of tax and interest payable as a result of mismatch of input tax credit or any amount of interest that may accrue from time to time; the amount deducted by the Government authorities from the payment made or credited to the supplier of taxable goods or services or both, where the total val ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ectronic cash ledger 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. The payment required to be made by an unregistered person, can be made on the basis of a temporary identification number generated through the common portal. A challan in FORM GST PMT-06 can be generated on the common portal in which the details of the amount to be deposited towards tax, interest, penalty, fees or any other amount is to be entered. This challan will be valid for a period of fifteen days. The deposit can be made through any of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... der section 52 and claimed in FORM GSTR-2 by the registered person from whom the said amount was deducted or, as the case may be, collected will be credited to his electronic cash ledger. Refund from cash ledger can only be claimed only when all the return related liabilities for that tax period have been discharged. A registered person, claiming refund of any balance in the electronic cash ledger can claim such refund in Part B of the return in FORM GSTR-3 and such return shall be deemed to be an application filed under section 54 of the CGST Act, 2017. Electronic credit ledger: The electronic credit ledger shall be maintained in FORM GST PMT-02 for each registered person eligible for input tax credit on the common portal and ev ..... X X X X Extracts X X X X X X X X Extracts X X X X
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