Payments – Legal provisions relating to Electronic cash ledger and Electronic credit ledger [Section 49 (1&2)] :
Payment of tax liability under GST can be made through two modes –
i. Electronic Credit Ledger – The liability of tax on outward supplies can be set off through utilisation of Input tax credit as self-assessed in the return of the registered person.
ii. Electronic Cash Ledger – The liability of tax on outward supplies remaining after utilistation of the available credit balance shall be credited to the electronic cash ledger of such person. Such deposit made towards tax, interest, penalty, fee or any other amount by a person can be made through internet banking or by using credit or debit cards or National Electronic Fund Transfer or Real Time Gross Settlement.