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CMA Final · Indirect Tax Laws and Practice · Walkthrough of GSTN Portal

A registered taxpayer wants to see the tax liability, ITC and cash balances in the electronic ledgers maintained for him on the GSTN portal. Which of the following sets correctly lists the three electronic ledgers available on the portal?

The GST portal maintains the electronic cash ledger, the electronic credit ledger and the electronic liability register for every registered person. Cash records deposits, credit records input tax credit, and the liability register records tax dues. Sales, purchase, refund or reversal ledgers are not prescribed ledgers.

  1. AElectronic cash ledger, electronic credit ledger and electronic liability registerCorrect
  2. BElectronic sales ledger, electronic purchase ledger and electronic cash ledger
  3. CElectronic credit ledger, electronic refund ledger and electronic input register
  4. DElectronic cash ledger, electronic reversal ledger and electronic liability register

Explanation

The GST portal maintains three electronic ledgers for each registered person: the electronic cash ledger, the electronic credit ledger and the electronic liability register. The other options mention ledgers that are not part of the prescribed set.

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