Rule 88 GST - Identification number for each transaction

Last updated at April 16, 2024 by

According to Rule 88 of Central Goods and Service Tax Act, 2017 as passed by Lok Sabha :

  1. A unique identification number shall be generated at the common portal for each debit or credit to the electronic cash or credit ledger, as the case may be.

  2. The unique identification number relating to discharge of any liability shall be indicated in the corresponding entry in the electronic liability Register

  3. A unique identification number shall be generated at the common portal for each credit in the electronic liability register for reasons other than those covered under sub-rule (2).
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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.