Masters India

FORM GST PMT-02: Electronic Credit Ledger

Sakshi Jain
Sakshi Jain at March 10, 2023


To help taxpayers track their GST liabilities, payments and Input Tax Credit availability and utilisation, the GSTN has enabled one electronic register called the Electronic liability register and two electronic ledgers namely Electronic Cash Ledger and Electronic Credit Ledger on the GST portal. The electronic liability register is maintained in FORM GST PMT-01, electronic cash ledger is maintained in FORM GST PMT-05, and the electronic credit ledger is maintained in FORM PMT 02 in GST . In this article, we will discuss the Electronic Credit Ledger (FORM GST PMT-02):

What Is FORM GST PMT-02?

For every GST registered person eligible to claim Input Tax Credit (ITC) on the GST common portal, an electronic credit ledger should be maintained in FORM GST PMT 02.

  • Every claim of ITC will be credited to this ledger.
  • The amount available in the electronic credit ledger form can be used for paying output tax liabilities.


  • In case a taxpayer has claimed refund of any unutilised amount from the electronic credit ledger in accordance with the provisions of section 54, the amount to the extent of the claim will be debited from this ledger.
  • However, if the refund application is rejected (either fully or partly) the amount debited to the extent of rejection, will be re-credited to the electronic credit ledger.


Format Of FORM GST PMT-02


FORM GST PMT-02 Format

Rate your experience
4.50 / 5. Vote count: 174
GST Software
Best GST Software for Return Filing & Billing in India

Check out other Similar Posts

No Data found
No Blogs to show

Automate your GST Compliances with Masters India

Request Callback
Need Help in Getting Started?
Make smart decision to replace your manual work with modern solution and improve your business output
Request Callback
Continue Browsing
Subscribe Now!
Receive GST, E way bill, e-Invoice, Accounts payable and OCR updates from our experts.
Chat with us

😄Hello. Welcome to Masters India! I'm here to answer any questions you might have about Masters India Products & APIs. What brings you to our website today?

Looking for

GST Software

E-Way Bill Software

E-Invoice Software

BOE TO Excel Conversion

Accounts Payable Software

Invoice OCR Software/APIs


GST Verification API

E-Way Bill API

E-Invoicing API

KSA E-Invoice APIs

Vehicle tracking

Vendor Verification API

Other Requirement