making gst payment using form-05, form-06
GST

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 ….