Introduction to Form PMT-09:
As per Rule 87(13) of CGST Rules, a registered person may on the common portal, transfer any amount of tax, interest, penalty, fee or any other amount available in the electronic cash ledger under the act to electronic cash ledger for IGST, CGST or SGST/UTGST or Cess in Form PMT-09.
1. What is PMT-09?
The CBIC has introduced Form PMT-09 for shifting wrongly paid amount under heads of Electronic Cash Ledger under GST. This enables a registered taxpayer to transfer any amount of tax, interest, penalty, etc. that is available in the electronic cash ledger, to the appropriate tax or cess head under IGST, CGST and SGST in the electronic cash ledger.
Hence, 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.
2. Applicability of Form PMT-09
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 after the taxpayer logs in, under the electronic cash ledger tab. Thus, a taxpayer can now easily rectify wrongly paid taxes or other amounts.
3. Importance about Form PMT-09
- 1. If the wrong tax has already been utilized for making any payment, then this challan is not useful. This challan only allows shifting of the amounts that are available in the electronic cash ledger.
- 2.The amount once utilized and removed from cash ledger cannot be reallocated.
- 3. Major head refers to- Integrated tax, Central tax, State/UT tax, and Cess.
- 4. Minor head refers to- Tax, Interest, Penalty, Fee and Others.
4. Description of PMT-09
PMT-09 comprises of minor and major heads. The taxpayer can mention the amount of tax which he wants to transfer from one head to another. The amount can be transferred from the head only if there is a balance available under that head at the time of transfer.
5. Post Filing Form GST PMT-09 is filed:
After filing of Form GST PMT-09:
- ARN is generated on successful filing of Form GST PMT-09.
- An SMS and an email is sent to the taxpayer on his registered mobile and email id.
- Electronic Cash ledger will get updated after successful filing of Form GST PMT-09.
- Filed form GST PMT-09 will be available for view/download in PDF format.
