The possible debits’ and credits’ to Electronic cash ledger are as follows:
| Debit | Credit |
| i. Discharge of any liability in accordance with Section 49
ii. Towards claim for refund of any amount |
i. Payment made through challan on receipt of CIN ii. Amount deducted under Section 51 and claimed in FORM GSTR-02 by the registered taxable person from whom the said amount was deducted
iii. Amount collected under Section 52 and claimed in FORM GSTR-02 by the registered taxable person from whom the said amount was collected iv. Reversal of amount debited earlier on account of final rejection of refund (FORM GST PMT-03) |
(ICAI FAQ PUBLICATIONS 06-09-2017 PAYMENT OF TAX, INTEREST, PENALTY AND OTHER AMOUNTS: FAQ NO. 7)