The Electronic Cash Ledger contains a summary of all the deposits/payments made by a taxpayer. The Electronic Cash Ledger has four Major Heads IGST, CGST, SGST/UTGST, and CESS. Each of these Major Heads have the five following Minor Heads:
Tax
Interest
Penalty
Fee
Others
When a taxpayer creates a Challan and once the payment against the Challan is made successfully and the CIN communicated to the GST system, the Electronic Cash Ledger gets updated with the funds as per the Challan. Cross utilization of funds across major or minor heads is NOT possible once payment is made
Example :
A taxpayer made a cash deposit of INR 1000 to IGST through net banking. After successful payment, the Bank reference number communicated by the bank along with the CIN to the GST system will be reflected in the Electronic Cash Ledger as reference number
The tax payer can utilize this cash deposit of INR 1000 in the cash ledger to make payment ONLY of the IGST – Tax liability by debiting the Cash Ledger
Guide to download the Cash Ledger Report
Step 1: Select 'All Reports’
Login to ClearTax GST then select ‘Business’ tab.
Click on ‘Reports’ then select 'All Reports’
Step 2 : Select Cash Ledger Report
Select 'Cash Ledger Report' and then click on ‘View’
You can also access 'All Reports' from the dashboard and then click on 'Cash Ledger Reports' under 'ITC and Cash Ledger'
