How to differentiate Electronic credit ledger with Tax Deductor?

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

 

Learn Exports Imports Free, Click here

Click here to know GST rate of your goods or service

 

How does Letter of Credit work? 

What is post shipment credit to exporters? 

Bank financial benefits to Exporters 

How does a Running bond work?
How does Bill of Lading work in DP payment terms?
How does Bill of Lading work in Sight LC
Transferability of Bill of Lading
Transhipment - A redefinition
Triangular shipment
Types of Insurance Documents
How does CENVAT Credit work?
Import General Manifest (IGM)
Importance of Bill of Lading
Is Airway bill a documents of title?
Is Customs House Agents (CHA ) required to be appointed mandatory?
 Is DP terms of payment safe in export business?
Is Letter of Credit LC safe for an Importer?
 Is ON BOARD CERTIFICATE required for LC negotiation
What is VACIS exam in US import customs clearance
When can an exporter release bill of lading from shipping company?
When does exporter get EP copy of shipping bill after customs clearance
How does CFR term of delivery work in Export Import business
How does comprehensive policy of ECGC work for exporters?
The role of CBEC - Central Board of Excise and Customs in India.
 The role of Export Inspection Agency in Pre-shipment Inspection & Quality Control

 

How to export from Latvia?

 

How to export from India to Latvia?

 

How to Import to Jordan?

 

How to import to India from Jordan?

 

How to export from Jordan?

 

How to export from India to Jordan?

 

How to export from Greece?

 

How to Import to Greece?

 

How to import to India from Greece?

 

How to export from India to Greece?

 

How to export from India to Bosnia and Herzegovina?

 

How to import to India from Bosnia and Herzegovina?

 

How to export from Bosnia and Herzegovina?

 Cancellation of registration of GST

All about registration of GST in India, FAQ

Cancellation of GST Registration in India, FAQ

Can a person without GST registration claim ITC?

 Why separate Registration of GST in each state in India, for each business.

 Latest date to file GST registration in India

Procedures to obtain GST registration for non-resident taxable person

Is digital signature option available under registration of GST in India?

 Advantages of GST registration in India

Who has to obtain GST registration in India?

Does GST registration number of my firm change time to time in India?

 Is GST registration required for a public sector undertaking?

 Is amendment of GST registration allowed in India?

 Cancellation of GST registration in India

Centralized GST registration of services permitted in India?

 Retired from business ownership. Fresh GST registration in India?

 GST Registration for Job workers in India

GST registration mechanism in India

Pre-registration of credit card necessary for GST payment in India

Is GST Registration required for a Job worker in India?

Term Zero rate on exports under GST

What is Wholesale trade and Impact of GST on Whole Sale Traders

Meaning of term Validity of composition levy under GST

 

What is UTGST Law under GST

 

Reverse Charge Mechanism Unregistered recipients under GST

 

Meaning of term Un-registered dealer under GST

Meaning of Unjust enrichment

 

Meaning of term Taxable Territory under GST

 

What is Taxable supply under GST

 

Term Taxable Turnover under GST

Term Two Rate Structure under GST

 

Unique Transaction Reference number (UTR) Means

 

Term Treatment for Zero Rated Supplies under GST

 

Transportation of goods without issue of invoice under GST

 

Meaning of Transitional arrangements for ITC under GST


Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers