{"id":57776,"date":"2025-01-08T14:31:34","date_gmt":"2025-01-08T09:01:34","guid":{"rendered":"https:\/\/piceapp.com\/blogs\/?p=57776"},"modified":"2025-01-08T14:31:39","modified_gmt":"2025-01-08T09:01:39","slug":"electronic-cash-ledger-in-gst","status":"publish","type":"post","link":"https:\/\/piceapp.com\/blogs\/electronic-cash-ledger-in-gst\/","title":{"rendered":"Know in Detail about Electronic Cash Ledger in GST"},"content":{"rendered":"\n
While most people are familiar with the GST portal (https:\/\/www.gst.gov.in\/<\/a>), it contains GST ledgers and a register, the knowledge of which is crucial to any registered person. Registered persons can get access to ledgers on the GST portal upon logging in.<\/p>\n\n\n\n Electronic cash ledgers<\/strong> in GST, the credit ledger, and the liability ledger are electronic systems that track the tax amount, fee, interest, penalty, or any other amount deposited by the registered person. This amount is utilised towards output tax liability. The electronic ledger in GST makes it convenient for taxpayers or registered persons to track their tax obligations<\/a> and payments.<\/p>\n\n\n\n To aid your basic understanding of the concept, the types of electronic ledgers under GST are listed below in the table:<\/p>\n\n\n\n The Electronic Cash Ledger essentially displays a summary of the various deposits and any GST payments made by a specific registered person. Within this online ledger, details are saved minor head-wise for each umbrella category. However, to aid the convenience of the user, the ledger showcases major head-wise, i.e., IGST, SGST\/UTGST, CESS, and CGST.<\/p>\n\n\n\n Further, these “major heads” are divided into 5 minor heads, including tax, interest, penalty, fee, and Others. The same can be accessed at the post-login stage on the online GST portal under the category of “Services”. One can then click on “Ledgers” and finally, \u201cElectronic Cash Ledger.” The cash deposited under minor heads can be used for payment of tax, fee, interest, penalty, or other.<\/p>\n\n\n\n In simpler words, the electronic cash ledger is a record maintained by the GST system of the registered person, reflecting their cash deposits in recognised banks, tax payments, and other dues met by them. The Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) are also reflected in the Electronic Cash Ledger under the section of cash deposits by the registered person. <\/p>\n\n\n\nGST Ledgers: Electronic Ledgers Types<\/strong><\/h2>\n\n\n\n

Ledgers<\/strong><\/td> Provisions<\/strong><\/td> Details<\/strong><\/td><\/tr> Electronic Cash Ledger<\/td> Section 49(1) of the Central Goods and Services Tax Act, 2017, read with Rule 87<\/td> It reflects the deposits made for tax, fees, interest, penalties, and other amounts made by a registered person under the GST system in India.<\/td><\/tr> Electronic Credit Ledger<\/td> Section 49(2) of the Central Goods and Services Tax Act, 2017, read with Rule 86<\/td> It displays the input tax credit claimed by a registered person under GST.<\/td><\/tr> Electronic Liability Ledger<\/td> Section 49(7) of the Central Goods and Services Tax Act, 2017, read with Rule 85<\/td> It portrays the tax, penalty, interest, fee or any other liabilities that a registered person is obliged to pay. It reflects the GST liability of a specific taxpayer within a certain tax period.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n What Is an Electronic Cash Ledger?<\/strong><\/h2>\n\n\n\n