Every registered taxable person shall be entitled to take credit of input tax in his return and such input tax credit shall be credited to

The correct answer is: D. Electronic Credit Ledger.

An electronic credit ledger is a ledger that is maintained electronically by the government. It is used to track the amount of input tax credit that a registered taxable person is entitled to. The input tax credit is the amount of tax that a registered taxable person has paid on goods or services that they have used for the purpose of

making taxable supplies. The input tax credit can be claimed in the return that the registered taxable person files with the government.

The other options are incorrect because:

• A personal ledger account is a ledger that is maintained by an individual. It is used to track the individual’s income and expenses.
• A refund account is an account that is maintained by the government. It is used to track the amount of money that the government owes to taxpayers.
• An electronic cash ledger is a ledger that is maintained electronically by the government. It is used to track the amount of cash that a registered taxable person has received.