How to differentiate Electronic credit ledger with Electronic Tax Liability Ledger?
What is Electronic credit ledger? How does Electronic Tax Liability Ledger work under GST regime? What are the difference between Electronic credit ledger and Electronic Tax Liability Ledger?
Under GST system, the following information explains about Electronic credit ledger and Electronic Tax Liability Ledger.
As per GST terms, Electronic credit ledger means Under GST, the emphasis is on simplifying administrative procedures and bringing transparency in the system. Electronic Tax Liability Ledger shows the total tax liability of a taxpayer after netting off for the particular month. This ledger will be auto populated. This Ledger primarily shows the difference of Output tax minus Input tax.
The details about Electronic credit ledger and Electronic Tax Liability Ledger with simple language from GST terms have been mentioned in this web blog separately. I suggest you to read these articles on Electronic credit ledger and Electronic Tax Liability Ledger, so as to enable you to have a clear idea on these GST terms.
For your immediate reference, we give below web links on Electronic credit ledger and Electronic Tax Liability Ledger separately below. You may kindly read the below links to know more about Electronic Tax Liability Ledger and Electronic credit ledger.
Electronic credit ledger under GST
Electronic Tax Liability Ledger Means
The above information easily explains about Electronic Tax Liability Ledger and Electronic credit ledger.
I hope, you have satisfied with the difference between Electronic credit ledger and Electronic Tax Liability Ledger explained above. Do you have different thought on difference between Electronic Tax Liability Ledger and Electronic credit ledger?
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Section 94 of CGST Act, 2017 Liability in other cases
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Liability of agent and principal, Sec 86 of CGST Act, 2017
Provisional attachment to protect revenue in certain cases, Sec 83 of CGST Act, 2017
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GST, Composition scheme changes
Tax wrongfully collected and paid to Central Government or State Government, Sec 77 of CGST Act, 2017
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Officers to assist proper officers, Sec 72 of CGST Act, 2017
Inspection of goods in movement, Sec 68 of CGST Act, 2017
Section 67 of CGST Act, 2017 Power of inspection, search and seizure
Section 20 of IGST Act,2017 Application of provisions
Tax wrongfully collected and paid to Central Government or State Government, IGST Act,2017
Zero rated supply, section 16 of IGST Act,2017
section 14 of IGST Act,2017, Special provision for payment of tax by a supplier
Section 59 of CGST Act, 2017 Self-assessment
Consumer Welfare Fund, Section 57 of CGST Act, 2017
Refund of tax, Sec 54 of CGST Act, 2017
Transfer of input tax credit, Section 53 of CGST Act, 2017
Tax deduction at source, Sec 51 of CGST Act, 2017
Interest on delayed payment of tax, Section 50 of CGST Act, 2017
Power to grant exemption from tax under section 6 of IGST Act,2017
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Term Taxable Turnover under GST
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