https://www.taxtmi.com/news?id=17775 The draft rules establish electronic registers for GST liability (FORM GST PMT-01), electronic credit ledger (FORM GST PMT-02) and electronic cash ledger (FORM GST PMT-05). Liabilities are debited to the tax liability register and discharged by debiting the credit or cash ledger; appellate relief or penalty adjustments re credit the liability register. Credit ledger entries arise from input tax credit claims and refunds, with prohibited direct entries and prescribed forms for correction and re credit (FORM GST PMT-03, PMT-04). Cash ledger payments use portal challans (FORM GST PMT-06), CIN issuance, and prescribed payment modes and procedures. en-us Sun, 02 Apr 2017 20:08:48 +0530 Wed, 11 Feb 2026 15:56:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17775 The draft rules establish electronic registers for GST liability (FORM GST PMT-01), electronic credit ledger (FORM GST PMT-02) and electronic cash ledger (FORM GST PMT-05). Liabilities are debited to the tax liability register and discharged by debiting the credit or cash ledger; appellate relief or penalty adjustments re credit the liability register. Credit ledger entries arise from input tax credit claims and refunds, with prohibited direct entries and prescribed forms for correction and re credit (FORM GST PMT-03, PMT-04). Cash ledger payments use portal challans (FORM GST PMT-06), CIN issuance, and prescribed payment modes and procedures. News - Sun, 02 Apr 2017 20:08:48 +0530 https://www.taxtmi.com/news?id=17775