All these formerly indirect taxes, including excise, VAT, and service tax, are combined into one account under the GST. For each GST Identification Number (GSTIN), the same trader Mr. X should maintain the following accounts (apart from accounts like sales, purchase, and stock):
- Input CGST a/c
- Output CGST a/c
- Input SGST a/c
- Output SGST a/c
- Input IGST a/c
- Output IGST a/c
- Input Cess a/c
- Output Cess a/c
- Electronic Cash Ledger (to be kept up to date on the government’s GST portal to deposit cash for GST and make payments from it).
