making gst payment using form-05, form-06

How to make GST Payment and Electronic Cash Ledger Explained

The GST platform which has been created by the Government has 3 ledgers for managing GST payment, liability, input credit, interest, penalty pending, late fee or any other amount which are¬†Electronic Liability Ledger, GST Electronic Credit Ledger and GST Electronic Cash Ledger. The 3 ledgers are used to balance the GST liability, credit and payments pertaining to each of the GST taxpayer. This article would explain the procedure for making ….