FORM GST PMT-02 - Electronic credit ledger
Eligible credit is credited and actual permitted utilisation/refund debits are reconciled by tax head.
Responsible actor: The common portal maintains eligible input-credit entries. Provision: Section 49(2), (4); rules 86 and 88A.
Official source and completed example
Download official blank source extract PDF Download completed fictional sample PDF
The sample is a flowed model of the prescribed fields and selected paragraphs, not an official issued PDF. Names, references and facts are fictional. It contains no signature, stamp, DSC or simulated approval.
Current CGST law checked 21 October 2026. Blank structure from official 1 January 2022 compilation; later amendments are expressly incorporated and appended where applicable.
Worked facts and completed entries
Aster is an eligible QRMP taxpayer with preceding-year and current-year PAN turnover below INR 5 crore and its last due GSTR-3B filed. July 2026 output tax is CGST INR 18,000 plus SGST INR 18,000; eligible July ITC is INR 10,000 under each head. It chooses self-assessment and deposits cash INR 8,000 under each head on 20 August. August and September have no supplies, credit changes or reverse charge. The July–September return is furnished on 20 October; credit INR 10,000 and cash INR 8,000 discharge each head. All ledger/payment references are fictional.
Ledger identification
| GSTIN | 29AABCA0000A1ZT |
|---|---|
| Legal name | Aster Learning Supplies Private Limited (fictional) |
| Trade name | Aster Learning Shop (fictional) |
| From / to | 1 July 2026 / 20 October 2026 |
| Act | Central Tax view; other tax heads are shown as nil in this view |
Electronic credit ledger — prescribed transaction and head balances
| Sr / date / reference / period | Description / DR or CR | Credit or debit: IGST / CGST / SGST / UT / cess / total INR | Balance: IGST / CGST / SGST / UT / cess / total INR |
|---|---|---|---|
| Opening / 1 July 2026 / opening / July–September | Opening eligible CGST credit / CR | 0 / 0 / 0 / 0 / 0 / 0 | 0 / 0 / 0 / 0 / 0 / 0 |
| 1 / 20 October 2026 / ILLUSTRATION-ITC-AVAIL-Q2 / July–September | Eligible CGST credit claimed in quarterly GSTR-3B / CR | 0 / 10000 / 0 / 0 / 0 / 10000 | 0 / 10000 / 0 / 0 / 0 / 10000 |
| 2 / 20 October 2026 / ILLUSTRATION-ITC-USE-Q2 / July–September | CGST credit used for CGST output liability / DR | 0 / 10000 / 0 / 0 / 0 / 10000 | 0 / 0 / 0 / 0 / 0 / 0 |
Historical sub-tables in the 2022 blank
| Provisional credit: period / each head / total | July–September 2026 / all zero / total zero; not used as an operative provisional-credit mechanism |
|---|---|
| Mismatch: period / each head / total | July–September 2026 / all zero / total zero; former sections 42/43 matching mechanism is not applied |
| Eligible-credit basis | Invoices, receipt of goods, GSTR-2B, section 16 conditions and absence of blocked credit are assumed verified |
| Interest, penalty, fee and RCM | Not discharged with ITC; none arise in this scenario |
Reconciliation
Eligible credit INR 10,000 less utilisation INR 10,000 gives nil CGST closing credit. State Tax has a separate identical working, not duplicated into this Central Tax view. Availability in GSTR-2B alone does not establish every section 16 condition. No direct manual entry into the credit ledger is claimed.
How this form moves the matter forward
- Check section 16 conditions and section 17 restrictions before claiming credit.
- Apply tax-head utilisation rules; CGST credit cannot pay SGST directly and IGST credit is exhausted as rule 88A requires.
- Match each credit debit to the liability-register credit; use PMT-04 for an unexplained difference.
Evidence supporting these entries
- Eligible invoice/receipt and GSTR-2B reconciliation
- Quarterly GSTR-3B credit claim and utilisation
- PMT-01 liability credits and PMT-02 debit identifiers
Period and legal consequences
Sections 42 and 43 were omitted from 1 October 2022. Historical provisional/mismatch sub-tables are expressly inactive in this current-period model. Credit cannot pay RCM tax, interest, penalty or fees.
Primary source and exact locator
Official notified form source: PDF pages 244-245; printed pages 238-239.
CGST Act and government-hosted Act and Rules compilation - Section 49(2), (4); rules 86 and 88A. Source and example revision: 21 October 2026.
Questions answered by this example
Who prepares or issues this form?
The common portal maintains eligible input-credit entries. Eligible credit is credited and actual permitted utilisation/refund debits are reconciled by tax head.
Can this sample be filed or treated as an issued document?
No. It is a completed fictional teaching example. Use the notified form and the authenticated portal/proceeding record for an actual matter. The example contains no executed signature or official approval.
What must reconcile before the next step?
Eligible invoice/receipt and GSTR-2B reconciliation; Quarterly GSTR-3B credit claim and utilisation; PMT-01 liability credits and PMT-02 debit identifiers.