TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Understanding GST Credit Ledger Management: FORM GST PMT-02 & PMT-03 for Tax Liability and Refund Procedures</h1> The electronic credit ledger, maintained in FORM GST PMT-02, records input tax credit claims for registered persons under GST. It is debited for tax liability discharges per sections 49, 49A, or 49B. Refund claims from unutilized credits or wrongly paid taxes are debited and, if rejected, re-credited by the proper officer using FORM GST PMT-03. Erroneous refunds deposited with interest and penalties are re-credited via FORM GST PMT-03A. No direct entries are allowed in the ledger unless specified. Discrepancies must be reported through FORM GST PMT-04. Refunds are deemed rejected if appeals are not pursued or are denied.
TaxTMI 
TaxTMI 
