Section 146 of CGST Act, 2017 Common Portal
Section 145 of CGST Act, 2017 Admissibility of micro films, facsimile copies of documents
Job work procedure, Section 143 of CGST Act, 2017
Section 139 of CGST Act, 2017 Migration of existing taxpayers
Section 135 Presumption of culpable mental state, CGST Act, 2017
Liability of officers and certain other persons, Section 133 of CGST Act, 2017
Sec 132 of CGST Act, 2017 Punishment for certain offences
Section 129 of CGST Act, 2017 Detention, seizure and release of goods and conveyances in transit
Section 124 Fine for failure to furnish statistics, CGST Act, 2017
What is electronic commerce operator under GST
Term E-cash Ledger under GST
Electronic acknowledgement under GST
Composition Scheme Rules under GST
Effect of GST on consumer farmers
What is Economic Exigency under GST
Term economic barrier under GST
E-Commerce Operator under GST
What is E ledger under GST
GST exemption on services by way of admission to events
Meaning of demand and recovery under GST
Term deemed registration under GST
Term debit notes under GST
What is Dashboards under GST
Meaning of term Customs Frontiers of India under GST
Difference between Compensation cess and Electronic credit ledger under GST terms
What is Electronic credit ledger? How does Compensation cess work under GST regime? What are the difference between Electronic credit ledger and Compensation cess?
Under GST system, the following information explains about Electronic credit ledger and Compensation cess.
Compensation cess levied under section 8 of The Goods and Services Tax (Compensation to State) Act, 2017. GST cess is levied on intra-state supply of goods or services and inter-state supply of goods or services to provide compensation to the States for loss of revenue due to implementation of GST in India. As per GST terms, Electronic credit ledger means Under GST, the emphasis is on simplifying administrative procedures and bringing transparency in the system.
The details about Electronic credit ledger and Compensation cess 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 Compensation cess, 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 Compensation cess separately below. You may kindly read the below links to know more about Compensation cess and Electronic credit ledger.
Electronic credit ledger under GST
Meaning of term compensation cess under GST
The above information easily explains about Compensation cess and Electronic credit ledger.
I hope, you have satisfied with the difference between Electronic credit ledger and Compensation cess explained above. Do you have different thought on difference between Compensation cess and Electronic credit ledger?
Share below your thoughts about Electronic credit ledger and Compensation cess
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IGM amendment (Import General Manifest Amendment)
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Import customs clearance procedures
Import General Manifest (IGM)
Importance of Bill of Lading
Introduction to this web site.
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Is DP terms of payment safe in export business?
Is Letter of Credit LC safe for an Importer?
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Is Risk Management System (RMS) simplify import? What is RMS in import.
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Import Customs processes in Gabon
Import Registration and import Licence procedures in Gabon
How to export from Eritrea?
How to import to India from Eritrea?
How to export from India to Eritrea?
Documents required for Export from Eritrea
Customs procedures for Eritrea Export
Registration required to export from Eritrea
Documents needed for Eritrea import
Import Customs processes in Eritrea
How to claim ITC under imports?
Procedures to claim Drawback after GST implantation
How to claim IGST refund on exports?
Export procedure changes after GST implementation
Factory stuffing procedures after GST implementation
Import of goods attracts IGST but not CVD under GST regime
Import goods attracts IGST and CVD under GST regime
Import Goods attract IGST, CVD and Compensation Cess under GST regime
Safeguard duty and Anti-dumping duty after GST implementation
Section 1 of UTGST Act 2017
Section 172 of CGST Act, 2017 Removal of difficulties
Section 170 Rounding off of tax, CGST Act, 2017
Sec 168 of CGST Act, 2017 Power to issue instructions or directions
Section 163 of CGST Act, 2017 Levy of fee
Publication of information in respect of persons in certain cases, Section 159 of CGST Act, 2017
Section 156 Persons deemed to be public servants, CGST Act, 2017
Power to collect statistics, Section 151 of CGST Act, 2017
Goods and services tax compliance rating, Sec 149 of CGST Act, 2017