Electronic ledger system: centralized recording of GST liabilities, cash deposits, and input tax credit with mandated forms and CIN process. The common portal maintains an Electronic liability register (FORM GST PMT-01) and two ledgers - Electronic Cash Ledger (FORM GST PMT-05) and Electronic Credit Ledger (FORM GST PMT-02) - updated on GSTR-3 and payment events. Each ledger entry receives a unique identification number; discrepancies are to be notified via FORM GST PMT-04. The cash ledger credits deposits made through authorized banking channels and requires a CIN for crediting; refunds from the cash ledger require discharge of return-related liabilities. The credit ledger records input tax credit claims and is debited on refund claims, with recredit on rejection by FORM GST PMT-03.
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Provisions expressly mentioned in the judgment/order text.
Electronic ledger system: centralized recording of GST liabilities, cash deposits, and input tax credit with mandated forms and CIN process.
The common portal maintains an Electronic liability register (FORM GST PMT-01) and two ledgers - Electronic Cash Ledger (FORM GST PMT-05) and Electronic Credit Ledger (FORM GST PMT-02) - updated on GSTR-3 and payment events. Each ledger entry receives a unique identification number; discrepancies are to be notified via FORM GST PMT-04. The cash ledger credits deposits made through authorized banking channels and requires a CIN for crediting; refunds from the cash ledger require discharge of return-related liabilities. The credit ledger records input tax credit claims and is debited on refund claims, with recredit on rejection by FORM GST PMT-03.
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