Update as on 22nd December 2020
The following are the changes in Rule 36(4) from 1st January 2021:
1. ITC shall be available as per the invoices uploaded by the respective suppliers either in their GSTR-1 or by using the Invoice Furnishing Facility (IFF).
2. The recipients can claim a provisional input tax credit in GSTR-3B to the extent of 5% instead of earlier 10% of the total ITC available in GSTR-2B for the month.
3. Certain taxpayers cannot make GST payment from their electronic credit ledger in excess of 99% of the total tax liability for the tax period as per a new rule 86B.
Electronic Cash Ledger is a cash ledger that contains deposits that a taxpayer has made and any GST payments made through cash. The cash ledger segregates the information head wise such as IGST, CGST, SGST/UTGST, and CESS.
Each of these major heads (IGST, SGST, etc.) are further divided into 5 minor heads- Tax, Interest, Penalty, Fees, and Others.
The Electronic Cash Ledger is maintained on the GST Portal
Here is a step-by-step guide to access the ledger on the GST website.
You can follow these simple steps on the GST portal to view your electronic cash ledger:
Step 1 – Go to GST Portal.
Step 2 – Login to the GST portal with your valid credentials.
Step 3 – Click on
Services > Ledgers and click on Electronic Cash Ledger tab.
Step 4 – Once the
Electronic Cash Ledger page is displayed, Cash Balance as on date will be displayed.
Note: You can click the link to see the amount displayed under
Cash Balance as on date to view the summary of the Cash Balance.
Step 5 – Click on
Electronic Cash Ledger.
Step 6 – Select the
From and To dates using the calendar to select the period for which you want to view the
Electronic Cash Ledger. Click on Go.
Note: Please keep in mind that you can view the Electronic Cash Ledger for a maximum period of six months only.
Your Electronic Cash Ledger details will be displayed
Step 8 – You can save it in
Excel format. Click on either
SAVE AS PDF or
SAVE AS EXCEL button to save your
Electronic Cash Ledger in the format you want.
Step 9 – Click on the amount displayed under each of the major heads to view the minor ‘heads’ details. When you click on a major ‘head’, say IGST, the corresponding minor head details of IGST will appear.