Comparative Review
The Electronic Cash Ledger, Electronic Credit Ledger and Tax Liability Register are unique features of the GST law. This would ensure only eligible credits are availed thereby eliminating the need for Forms such as ‘C’ or ‘F’ ‘H’ etc. (Ref: Relevant provisions of CST Act 1956). On the other hand, assessee would be expected to reconcile their financial ledgers with the corresponding Electronic ledgers.