Steps to Utilize Funds in the Electronic Cash Ledger

122004.00 ₹

Description

Once you have deposited funds into your electronic cash ledger, here’s how you can use them to pay your GST liabilities: Create Challan: On the GST portal, select the ‘Create Challan’ option and choose the relevant tax type (CGST, SGST, IGST). Choose Payment Mode: You can make the payment using net banking, credit/debit card, NEFT, or other methods available. Deposit Funds in the Correct Tax Category: Ensure the funds are deposited into the right tax category (CGST, SGST, IGST). Use Balance for Payments: While filing returns like GSTR-3B, use the electronic cash ledger in GST balance by selecting it during payment. Verify Payment Deduction: Check the ‘Electronic Cash Ledger’ tab to confirm the payment deduction has been made properly.