Electronic credit ledger administration requires prescribed credit, debit, refund re-credit and portal-based discrepancy reporting for eligible taxpayers.

Electronic credit ledger balances are maintained in FORM GST PMT-02 for eligible input tax credit claims and may be debited to discharge statutory liabilities or support refund claims. Re-credit is required where a refund claim is rejected, where excess or wrongly paid tax is found refundable, or where an erroneous refund is repaid through the electronic cash ledger in FORM GST DRC-03. Direct ledger entries are prohibited except as permitted, and discrepancies must be reported through FORM GST PMT-04.

---

---

---