Electronic Tax Liability Ledger with Tax Ledger?

Difference between Tax Ledger and Electronic Tax Liability Ledger under GST terms

 

What is Electronic Tax Liability Ledger? How does Tax Ledger work under GST regime? What are the difference between Electronic Tax Liability Ledger and Tax Ledger?

 

Under GST system, the following information explains about Electronic Tax Liability Ledger and Tax Ledger.

 

As per GST terms, Electronic Tax Liability Ledger means the emphasis is on simplifying administrative procedures and bringing transparency in the system. India is moving towards digitization and the same idea has been captured by lawmakers while drafting the GST bill.   Tax Ledger means ledgers,  reflect the amount of tax payable, input credit balance, and on adding money to the cash ledger the taxpayer will also be able to settle the tax liability online.

 

The details about Electronic Tax Liability Ledger and Tax Ledger with simple language from GST terms have been mentioned in this web blog separately. We suggest you to read these articles on Electronic Tax Liability Ledger and Tax 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 Tax Liability Ledger and Tax Ledger separately below.  You may kindly read the below links to know more about Tax Ledger and Electronic Tax Liability Ledger.  

 

Electronic Tax Liability Ledger Means

Meaning of Tax Ledger under GST

 

  

The above information easily explains about Tax Ledger and Electronic Tax Liability Ledger.

 

We hope, you have satisfied with the difference between Electronic Tax Liability Ledger and Tax Ledger explained above. Do you have different thought on difference between Tax Ledger and Electronic Tax Liability Ledger?

 

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

 

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