Electronic Cash Ledger
Section 49 3 Ledgers Electronic Credit Ledger
Electronic Liability Register
a) O/w Supply = GST Collected = Liability [GSTR-01] b) I/w Supply = GST Paid = ITC [GSTR-3B]
Liability Register Credit Ledger
IGST 100 Credit Ledger 70 Liability Reg. (paid) 70 IGST (opg. bal) 70
Cash Ledger 30
100 100 70 70
c) Bank → Deposit
Cash Ledger
Liability IGST: (opg. Bal)
Register (paid) 30 • Tax 50
Balance c/f 20
50 50
1. Electronic Cash Ledger
• Summary of all the deposits/payments made by a taxpayer,
maintained on GST portal
Format of Ledger
Debit Credit
• Payment of TIP LO • Deposits of:
{TIP LO}
• Remaining balance may ◈ Tax
be refunded to the ◈ Interest
taxpayer ◈ Penalty
◈ Late Fees
◈ Others
• If taxpayer has claimed a refund, then the said amount should be
debited in the ledger. But if the claim gets rejected partially or fully
then the rejected amount should be credited back by the proper
officer by an order made in prescribed form.
Payment By "Challan"
Steps Particulars
1 Create Challan online
2 CPIN (Common Portal Identification Number) created for every successful Challan
which will remain valid for 15 days
[It is a 14 digit unique number to identify Challan]
3 CIN (Challan Identification Number) -
➣ After succesful payment, a CIN will be generated by collecting the bank
➣ CIN - 17 digit number
14 digit - CPIN 3 digit - Bank Code
➣ CIN is communicated by the authorized bank to taxpayer as well as to
GSTN
4 Credit of amount in Electronic Cash Ledger
• E-Challan Remains valid for 15 days
Question Answers
Question 1: Question 2:
How many types of Challans are prescribed for various taxes and Whether manual challan are applicable under GST?
payments to be paid under the GST regime?
Answer 2:
Answer 1: NO
There is single Challan prescribed for all taxes, fees, penalty,
interest, and other payments to be made under the GST regime.
Question 3: Question 4:
Who will borne the commission for making the payment through Can an unreg. person make payment through E-Challan /Common
E-Challan? Portal?
Answer 3: Answer 4:
The Taxpayer himself YES, through TRN i.e. Temporary Reference Number
Utilisation of Electronic Cash Ledger
Major Head Minor Head
1. CGST 1. Tax
2. SGST 2. Interest
3. CESS 3. Penalty
4. IGST 4. Late Fees
5. Others
↓ ↓
Ledgers are kept Information inside Ledgers are
major head-wise kept minor head-wise
• Amount deposited in one major head can't be used for payment of other major
head and same goes for minor heads.
• But, taxpayer can transfer the amount from one major/minor head to another by
filing form GST PMT-09.
2. Electronic Credit Ledger
• It includes ITC
• Can be used for making payment of TAX only.
Format of Ledger
Debit Credit
Payments made through *Self-Assessed ITC in the
the credited amount, in return in the form of IGST,
the manner learnt in ITC CGST, SGST, UTGST.
chapter.
* A return can be filed only after payment of taxes. Hence a return
w/o any payment of tax is considered invalid. A valid return means
furnished on which seld-assessed tax has been paid in full.
• If taxpayer has claimed a refund, then the said amount should be debited
in the ledger. But if the claim gets rejected partially or fully then the
rejected amount should be credited back by the proper officer by an order
made in prescribed form.
3. Electronic Liability Register
• Reflects the total tax liability of a taxpayer for the particular month
Electronic Liability Register
Tax
} 1. Credit Ledger
2. Cash Ledger
Interest
Penalty
Only Cash Ledger
Late Fees
Other
Order of Discharge of Tax & Other Dues
Chronological period:
i) Self-Assessed Tax & Other Dues for the previous tax periods
ii) Self-Assessed Tax & Other Dues for the current tax period
iii) Amount payable including u/s 73 & 74
Liability Cash
Jan'23 200
400
Feb'23 300
Balance of Feb'23 100
Section 50: Interest on Delayed Payment of Tax
1 When is interest payable? When Tax is not paid within due date
2 Rate of Interest? 18%
3 Period of Interest? Start: Date after Due Date
End: Date on which tax is paid
4 Amount on which interest is to be a) Liability of the tax period is diclosed in the Return in the same
paid? tax period : Net Amount [Net of ITC]
b) Liability of the tax period is diclosed in the Return in the another
tax period : Gross Amount [Before using ITC]
Examples
Mr. X's Invoice No. 256 is dated 14-02-2022
VOS = Rs. 1,00,000
IGST = 18%
ITC = 3000
Case 1: Invoice is dsiclosed in GSTR-01 of February, which was filed on 12-07-2022
∴ Interest = 97,000 x 18% x 114/365
= 5453
Case 2: Invoice is dsiclosed in GSTR-01 of June, which was filed on 12-07-2022
∴ Interest = 1,00,000 x 18% x 114/365
= 5622
Other Points
• The payment of interest in case of belated payments should be
made voluntarily i.e. w/o even a demand.
• The interest payable under this section shall be debited to the
Electronic Liability Register.
• The Liability of interest can be settled by adjustment with
balance in Electronic Cash Ledger but not with ITC.
