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of <h1>Rules for electronic credit ledger (FORM GST PMT-02): debits for liabilities and refunds, re-credit procedures under Sections 49 and 54</h1> The electronic credit ledger, maintained in FORM GST PMT-02 on the common portal, records all input tax credit claims and is debited for discharge of liabilities under section 49 (and sections 49A/49B) and for refunds claimed under section 54; amounts debited for refund claims are re-credited if the refund is rejected by order in FORM GST PMT-03. Provision allows re-credit for admissible wrongly paid tax via FORM GST PMT-03 and re-credit to the credit ledger when an erroneous refund is repaid through FORM GST DRC-03 by order in FORM GST PMT-03A. No direct ledger entries are permitted otherwise; discrepancies must be reported using FORM GST PMT-04.
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