Ledger Balance Reports

ExpressGST || Ledger Balance Reports


View Ledger Balance Reports Types


In the Ledger Balance section, you will find the following types of ledgers:
  1. Cash Ledger
  2. Credit Ledger
  3. Non Return Liability Ledger
  4. Electronic Credit Reversal and Reclaimed Ledger
  5. RCM Liability/ITC Statement Ledger
  6. Negative Liability Statement Ledger

View Detailed Ledger Balance Reports

  1. Click the eye icon next to each ledger type to view the detailed summary for each of the following ledgers:
      

1. Cash Ledger

The Electronic Cash Ledger provides a detailed summary of all deposits or payments made by a taxpayer.
To facilitate easy reference, the ledger is organized major head-wise into categories such as IGST, CGST, SGST/UTGST, and CESS.
Each of these major heads is further subdivided into five minor heads: Tax, Interest, Penalty, Fee, and Others.
This structure allows taxpayers to track payments or deposits comprehensively across all applicable categories.
  1. Click the eye icon under Cash Ledger to view:
      
  1. Cash Ledger Balances with head-wise breakdown.
      
  1. Transaction-wise details.
      
  1. PMT 09 filed details.
      

2. Credit Ledger

The Electronic Credit Ledger records all credits accrued by a taxpayer from inward supplies during a specific tax period.
For better organization and clarity, the ledger is maintained major head-wise, categorized into IGST, CGST, SGST, and CESS.
This structure ensures systematic tracking and management of input tax credits.
  1. Click the eye icon under Credit Ledger to view the credit ledger balance report.
      
      

3. Non Return Liability Ledger

The Electronic Liability Register is divided into two parts to manage and track taxpayer liabilities effectively:
  1. Part I: Return-Related Liabilities
    1. This section displays all liabilities accrued from returns. It also shows payments made using the Electronic Cash Ledger and/or credit utilized to discharge these liabilities. Additionally, liabilities related to GST CMP-03, GST ITC-03, and GST REG-16 are recorded in this part.
  2. Part II: Other than Return-Related Liabilities
    1. This section includes liabilities not associated with returns. Similar to Part I, it displays payments made through the Electronic Cash Ledger and/or credit utilized to settle these liabilities. All liabilities not covered under Part I are accounted for in Part II.
  1. Click the eye icon under Non Return Liability Ledger to view this report.
            
      

4. Electronic Credit Reversal and Reclaimed Ledger

The Electronic Credit Reversed and Reclaimed Statement (ECRS), introduced by the GST Network, enables taxpayers to track the balance of Input Tax Credit (ITC) that has been temporarily reversed and later reclaimed. Accessible through the ExpressGST portal, this statement allows taxpayers to report and validate reversals and reclaims effectively. This helps ensure compliance with GST regulations and minimizes errors in ITC management.
  1. Click the eye icon under Electronic Credit Reversal and Reclaimed Ledger to access the report.
      
      

5. RCM Liability / ITC Statement

The RCM Liability/ITC Statement provides a record of GST paid under the Reverse Charge Mechanism (RCM) as declared in GSTR-3B. It also tracks the Input Tax Credit (ITC) claimed for the same, whether in the current period or a subsequent period. This statement ensures transparency and accuracy in managing RCM liabilities and associated ITC claims.
  1. Click the eye icon under RCM Liability/ITC Statement to access the report.
      
      

6. Negative Liability Statement Ledger

The Negative Liability Statement Ledger allows users to easily view and track their negative liability directly from the Ledger section on the GST portal dashboard. It assists in calculating the net liability by adjusting the negative liability, providing a clear and accurate view of the remaining tax payable. This feature ensures enhanced clarity and transparency, enabling users to determine the exact tax amount due after adjustments.
  1. Click the eye icon under Negative Liability Statement Ledger to access the report.
      
      

InfoSummary: By following these steps, you can easily view and download various Ledger Balance Reports including Cash Ledger, Credit Ledger, Non Return Liability Ledger, Electronic Credit Reversal Ledger, RCM Liability/ITC Statement Ledger and Negative Liability Statement Ledger in ExpressGST. This helps you track your tax liabilities and maintain accurate records.

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