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<h1>New GST Payment Rules: Electronic Cash Ledger Process Explained, Using Form GST PMT-3 for Accurate Transaction Recording.</h1> The Electronic Cash Ledger is a statutory provision under the draft Goods and Services Tax (GST) Payment Rules of 2016. It outlines the format and process for maintaining an electronic ledger for cash transactions related to GST payments. Form GST PMT-3 is utilized for this purpose, ensuring that all payments and credits are accurately recorded and managed in compliance with the relevant taxation laws and regulations. This system is designed to streamline the payment process under the GST framework, enhancing transparency and efficiency in tax administration.