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Electronic Cash Ledger is a Cash Ledger in electronic mode on GST Portal that contains the amount of Goods and Service Tax deposited by Tax Payer in cash or any electronic mode. Electronic cash ledger is segregated in Major Head and Minor Head. Major Head is divided in IGST (Integrated Goods and Service Tax), CGST (Central Goods and Service Tax), SGST (State Goods and Service Tax), UTGST (Union Territory Goods and Service Tax) and Cess. Minor Head is divided in Tax, Interest, Penalty, Fees and Other.

  

Utilisation of Balance in Electronic Cash Ledger

·         Any Amount Goods and Service Tax Deposit in Electronic Tax Ledger for IGST (Integrated Goods and Service Tax) can be used for Payment of IGST (Integrated Goods and Service Tax), CGST (Central Goods and Service Tax) can be used for CGST (Central Goods and Service Tax), SGST (State Goods and Service Tax) can be used for Payment of SGST (State Goods and Service Tax), UTGST (Union Territory Goods and Service Tax) can be used for Payment of UTGST (Union Territory Goods and Service Tax) and Cess can be used for Payment of Cess. No inter head adjustment is allowed for major heads.

·         Any Amount Goods and Service Tax Deposit in Electronic Tax Ledger for Tax can be used for Tax, Interest Can be used for Payment of Interest, Fees can be used for Payment of Fees, Penalty can be used for Payment of Penalty and any amount deposited in Electronic Cash Ledger other minor head can be used for payment of any other head. No inter head adjustment is allowed for minor head.  

·          Any Amount Goods and Service Tax Deposit in Electronic Tax Ledger will be used / adjusted

Ø  First for Self- Assessed Tax and other dues of pervious tax period. Pervious Tax Period Liability includes Tax liability reported in GST return but not Paid and Interest, Penalty and Fees arising out pervious Tax Period Return.

Ø  After Adjustment of Electronic Self- Assessed Tax and other dues of pervious tax period, Balance available in Electronic cash ledger can be utilized for Payment of Self Assessed Tax and Other dues of Current Tax Period. Current Liability includes Tax liability for Invoices and amendments uploaded for Previous Month Returns and ITC reversal due to mismatch of Invoices  reported in GST return and in Increase in Tax as a consequence of Reduction of Liability but No Corresponding Input Tax Credit (ITC) reduced by receiver.  Tax liability for Invoices and other consolidated declaration uploaded for current GST Return and any other amount payable under Central Goods and Service Tax Act included demand determined under sec 73 and sec 74 of Central Goods and Service Tax Act.

·         Maximum amount allowed to be entered for Utilization of Electronic Cash Ledger cannot be more than balance amount available under Major Head - IGST (Integrated Goods and Service Tax), CGST (Central Goods and Service Tax), SGST (State Goods and Service Tax), UTGST (Union Territory Goods and Service Tax) and Cess. Minor Head - Tax, Interest, Penalty, Fees and Other.       

 

 Mode of Payment or Deposit in Electronic Cash Ledger

Any amount in Electronic Cash Ledger can be deposited ether through Net Banking or through over the Counter (By Cash or Cheque or Demand Draft) or through NEFT (National Electronic Fund Transfer) and RTGS (Real Time Gross Settlement.

 

List of Banks authorised through which Payment of Goods and Service Tax Can be at over the Counter: -

·         Allahabad Bank

·         Andhra Bank

·         Axis Bank

·         Bank Of Baroda

·         Bank Of India

·         Bank Of Maharashtra

·         Canara Bank

·         Central Bank Of India

·         Corporation Bank

·         Dena Bank

·         HDFC Bank

·         ICICI Bank Limited

·         IDBI Bank

·         Indian Bank

·         Indian Overseas Bank

·         Jammu And Kashmir Bank Limited

·         Oriental Bank Of Commerce

·         Punjab And Sind Bank

·         Punjab National Bank

·         State Bank Of India

·         Syndicate Bank

·         UCO Bank

·         Union Bank Of India

·         United Bank Of India

·         Vijaya Bank

 

List of Banks authorised through which Payment of Goods and Service Tax wide NEFT and RTGS can be made: -

·         Abhyudaya Cooperative Bank Limited

·         Abu Dhabi Commercial Bank

·         Aditya Birla Idea Payments Bank

·         Ahmedabad Mercantile Cooperative Bank

·         Airtel Payments Bank Limited

·         Akola Janata Commercial Cooperative Bank Ltd.

·         Allahabad Bank

·         Almora Urban Cooperative Bank Limited

·         Andhra Bank

·         Andhra Pragathi Grameena Bank

·         Apna Sahakari Bank Ltd.

·         AU Small Finance Bank Limited

·         Australia And New Zealand Banking Group Limited

·         Axis Bank

·         B N P Paribas

·         Bandhan Bank Limited

·         Bank International Indonesia

·         Bank Of America

·         Bank Of Baharain And Kuwait BSC

·         Bank Of Baroda

·         Bank Of Ceylon

·         Bank Of India

·         Bank Of Maharashtra

·         Bank Of Tokyo Mitsubishi Limited

·         Baramati Sahakari Bank Limited

·         Barclays Bank

·         Bassein Catholic Cooperative Bank Limited

·         Bharat Cooperative Bank Mumbai Limited

·         Bharatiya Mahila Bank Limited

·         Canara Bank

·         Capital Small Finance Bank Limited

·         Catholic Syrian Bank Limited

·         Central Bank Of India

·         Chinatrust Commercial Bank Limited

·         Citi Bank N A

·         Citizen Credit Cooperative Bank Limited

·         City Union Bank Limited

·         Commonwealth Bank Of Australia

·         Corporation Bank

·         Credit Agricole Corporate And Investment Bank

·         Credit Suisse Ag

·         DBS Bank

·         DCB Bank Limited

·         Dena Bank

·         Deogiri Nagari Sahakari Bank Ltd. Aurangabad

·         Deposit Insurance And Credit Guarantee Corporation

·         Deutsche Bank

·         Development Bank Of Singapore

·         Development Credit Bank Limited

·         Dhanalakshmi Bank

·         Dmk Jaoli Bank

·         Doha Bank

·         Doha Bank Qsc

·         Dombivli Nagari Sahakari Bank Limited

·         Durgapur Steel Peoples Co-Operative Bank Ltd

·         Equitas Small Finance Bank Limited

·         Esaf Small Finance Bank Limited

·         Export Import Bank Of India

·         Federal Bank

·         Fino Payments Bank Limited

·         Firstrand Bank Limited

·         G P Parsik Bank

·         Gurgaon Gramin Bank

·         HDFC Bank

·         Himachal Pradesh State Cooperative Bank Ltd

·         HSBC Bank

·         ICICI Bank Limited

·         IDBI Bank

·         IDFC Bank Limited

·         Idukki District Co Operative Bank Ltd

·         Indian Bank

·         Indian Overseas Bank

·         Indusind Bank

·         Industrial And Commercial Bank Of China Limited

·         Industrial Bank Of Korea

·         Ing Vysya Bank

·         Jalgaon Janata Sahakari Bank Limited

·         Jammu And Kashmir Bank Limited

·         Janakalyan Sahakari Bank Limited

·         Janaseva Sahakari Bank Borivli Limited

·         Janaseva Sahakari Bank Limited

·         Janata Sahakari Bank Limited

·         Jio Payments Bank Limited

·         Jp Morgan Bank

·         Kallappanna Awade Ichalkaranji Janata Sahakari Bank Limited

·         Kalupur Commercial Co-Op Bank

·         Kalyan Janata Sahakari Bank

·         Kapol Cooperative Bank Limited

·         Karnataka Bank Limited

·         Karnataka Vikas Grameena Bank

·         Karur Vysya Bank

·         Keb Hana Bank

·         Kerala Gramin Bank

·         Kotak Mahindra Bank Limited

·         Krung Thai Bank Pcl

·         Laxmi Vilas Bank Ltd.

·         Mahanagar Cooperative Bank

·         Maharashtra Gramin Bank

·         Maharashtra State Cooperative Bank

·         Mashreqbank Psc

·         Mizuho Bank Ltd

·         Nagar Urban Co Operative Bank

·         Nagpur Nagarik Sahakari Bank Limited

·         National Australia Bank Limited

·         National Bank Of Abu Dhabi Pjsc

·         New India Cooperative Bank Limited

·         Nkgsb Cooperative Bank Limited

·         North East Small Finance Bank Limited

·         Nutan Nagarik Sahakari Bank Limited

·         Oriental Bank Of Commerce

·         Orissa State Cooperative Bank Bank Ltd

·         Paytm Payments Bank Limited

·         Pragathi Krishna Gramin Bank

·         Prathama Bank

·         Prime Cooperative Bank Limited

·         Pt Bank Maybank Indonesia Tbk

·         Punjab And Maharshtra Cooperative Bank

·         Punjab And Sind Bank

·         Punjab National Bank

·         Qatar National Bank Saq

·         Rabobank International

·         Rajarambapu Sahakari Bank Limited

·         Rajgurunagar Sahakari Bank Limited

·         Rajkot Nagrik Sahakari Bank Limited

·         Ratnakar Bank Limited

·         Rbl Bank Limited

·         Reserve Bank Of India, Pad

·         Sahebrao Deshmukh Cooperative Bank Limited

·         Samarth Sahakari Bank Ltd

·         Saraswat Co-Operative Bank Ltd.

·         Satara District Central Co Op Bank Ltd

·         Sber Bank

·         SBM Bank Mauritius Limited

·         Shikshak Sahakari Bank Limited

·         Shinhan Bank

·         Shivalik Mercantile Co Operative Bank Ltd

·         Shri Chhatrapati Rajashri Shahu Urban Cooperative Bank Limited

·         Small Industries Development Bank Of India

·         Societe Generale

·         Solapur Janata Sahakari Bank Limited

·         South Indian Bank

·         Standard Chartered Bank

·         State Bank Of India

·         State Bank Of Mauritius

·         Sumitomo Mitsui Banking Corporation

·         Surat National Cooperative Bank Limited

·         Suryoday Small Finance Bank Limited

·         Sutex Cooperative Bank Limited

·         Syndicate Bank

·         Tamilnad Mercantile Bank Ltd

·         Telangana State Coop Apex Bank

·         Textile Traders Co-Operative Bank Limited

·         The A.P. Mahesh Cooperative Urban Bank Limited

·         The Akola District Central Cooperative Bank

·         The Andhra Pradesh State Cooperative Bank Limited

·         The Bank Of Nova Scotia

·         The Cosmos Co Operative Bank Limited

·         The Delhi State Cooperative Bank Limited

·         The Gadchiroli District Central Cooperative Bank Limited

·         The Greater Bombay Cooperative Bank Limited

·         The Gujarat State Cooperative Bank Limited

·         The Hasti Coop Bank Ltd

·         The Jalgaon Peopels Cooperative Bank Limited

·         The Kangra Central Cooperative Bank Limited

·         The Kangra Cooperative Bank Limited

·         The Karad Urban Cooperative Bank Limited

·         The Karanataka State Cooperative Apex Bank Limited

·         The Kurmanchal Nagar Sahakari Bank Limited

·         The Mehsana Urban Cooperative Bank

·         The Mumbai District Central Cooperative Bank Limited

·         The Municipal Cooperative Bank Limited

·         The Nainital Bank Limited

·         The Nasik Merchants Cooperative Bank Limited

·         The Navnirman Co-Operative Bank Limited

·         The Pandharpur Urban Co Op. Bank Ltd. Pandharpur

·         The Rajasthan State Cooperative Bank Limited

·         The Royal Bank Of Scotland N V

·         The Seva Vikas Cooperative Bank Limited

·         The Shamrao Vithal Cooperative Bank

·         The Sindhudurg District Central Co-Operative Bank Limited

·         The Surat District Cooperative Bank Limited

·         The Surath Peoples Cooperative Bank Limited

·         The Tamil Nadu State Apex Cooperative Bank

·         The Thane Bharat Sahakari Bank Limited

·         The Thane District Central Cooperative Bank Limited

·         The Varachha Cooperative Bank Limited

·         The Vishweshwar Sahakari Bank Limited

·         The West Bengal State Cooperative Bank

·         The Zoroastrian Cooperative Bank Limited

·         Tjsb Sahakari Bank Ltd

·         Tumkur Grain Merchants Cooperative Bank Limited

·         UCO Bank

·         Ujjivan Small Finance Bank Limited

·         Union Bank Of India

·         United Bank Of India

·         United Overseas Bank Limited

·         Utkarsh Small Finance Bank

·         Vasai Vikas Sahakari Bank Ltd

·         Vijaya Bank

·         Westpac Banking Corporation

·         Woori Bank

·         Yes Bank

·         Zila Sahakri Bank Limited Ghaziabad

 

List Banks authorized through Payment of Goods and Service Tax can be made wide Net Banking: -

·         Allahabad Bank

·         Andhra Bank

·         AXIS Bank

·         Bank of Baroda

·         Bank of India

·         Bank of Maharashtra

·         Canara Bank

·         Central Bank of India

·         Corporation Bank

·         Dena Bank

·         HDFC Bank

·         ICICI Bank

·         IDBI Bank

·         Indian Bank

·         Indian Overseas Bank

·         Oriental Bank of Commerce

·         Punjab & Sind Bank

·         Punjab National Bank

·         State Bank of India

·         Syndicate Bank

·         UCO Bank

·         Union Bank of India

·         United Bank of India

·         Vijaya Bank

 

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