Electronic Cash Ledger establishes challan-based payment, bank-generated CIN credit, and portal representations for discrepancies and refund adjustments. The rule requires maintenance of the electronic cash ledger in FORM GST PMT-05 on the Common Portal and mandates generation of a challan in FORM GST ... Summary
Electronic Cash Ledger establishes challan-based payment, bank-generated CIN credit, and portal representations for discrepancies and refund adjustments.
The rule requires maintenance of the electronic cash ledger in FORM GST PMT-05 on the Common Portal and mandates generation of a challan in FORM GST PMT-06 before depositing amounts. Specified electronic and OTC payment modes are allowed, mandate forms for NEFT/RTGS accompany challans, and collecting banks generate a Challan Identification Number (CIN) on credit. Receipt of CIN triggers credit to the electronic cash ledger. Debits for refunds and subsequent re credits on rejection are processed by specified portal forms and orders, and discrepancies are reported via FORM GST PMT-04.
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