How to differentiate Electronic credit ledger with Tax Deductor?

Posted on 11 June 2022 Category : GST terms difference

Difference between Tax Deductor and Electronic credit ledger under GST terms

What is Electronic credit ledger? How does Tax Deductor work under GST regime? What are the difference between Electronic credit ledger and Tax Deductor?

Under GST system, the following information explains about Electronic credit ledger and Tax Deductor.

Tax Deductor means the person responsible for making the payment to vendor for the supplies obtained Under the GST regime, section 51 of the CGST Act, 2017 prescribes the authority and procedure for ‘Tax Deduction at Source’. As per GST terms, Electronic credit ledger means Under GST, 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.

The details about Electronic credit ledger and Tax Deductor 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 Tax Deductor, 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 Tax Deductor separately below. You may kindly read the below links to know more about Tax Deductor and Electronic credit ledger.

Electronic credit ledger under GST

Tax Deductor under GST

The above information easily explains about Tax Deductor and Electronic credit ledger.

I hope, you have satisfied with the difference between Electronic credit ledger and Tax Deductor explained above. Do you have different thought on difference between Tax Deductor and Electronic credit ledger?

Share below your thoughts about Electronic credit ledger and Tax Deductor

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