CBIC enables Form PMT-09 for Shifting Wrongly Paid Tax in the Electronic Cash Ledger
The Central Board of Indirect Taxes and Customs (CBIC) has enabled Form PMT-09 for shifting wrongly paid Tax in the electronic cash ledger. Form PMT-09 enables a registered taxpayer to transfer any amount of tax, interest, penalty, etc available in the electronic cash ledger, to the appropriate tax or cess head under IGST, CGST and SGST in the electronic cash ledger.
Thus, if a taxpayer has wrongly paid CGST instead of SGST, he can now rectify the same using Form PMT-09 by reallocating the amount from the CGST head to the SGST head.
All taxpayers registered under GST are eligible to shift any balances available in the electronic cash ledger using Form GST PMT-09.
The option is available under the electronic cash ledger tab on the GSTN Portal.
Founder at A S Banka Advisors Private Limited
The author is Founder of A. S. Banka Advisors Private Limited & Partner at Dhiraj & Dheeraj.
You can reach out to the author on : [email protected]
www.asbanka.com
You can reach out to the author on : [email protected]
www.asbanka.com
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