Electronic Tax Liability Ledger and Electronic credit ledger

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?

 

Share below your thoughts about Electronic credit ledger and Electronic Tax Liability Ledger

 

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section 14 of IGST Act,2017, Special provision for payment of tax by a supplier                                            

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