An E-Cash Ledger is like a digital wallet of the taxpayer. He can deposit money into and use balance for payment of liabilities. Payments options include NEFT, RTGS, Credit Card, Debit Card or Net Banking.
Balance from E-Cash Ledger is utilized for:
- Payment of Tax – If the balance in the E-Credit Ledger is insufficient to pay tax
- Payment of Interest, Fee or Penalty – It should always be paid from e-cash ledger
Read more - E-Cash Ledger under GST