Form PMT09 is available on GST portal | Rectify errors of Cash Ledger

Form PMT09 is available on GST portal | Rectify errors of Cash Ledger

Now, taxpayer can transfer the cash balance available under one head to another head of tax i.e. from CGST to SGST or interest or penalty or vice versa.

Legal Provisions for Rectify errors of Cash Ledger:

Section 49 (10) 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 this Act, to the electronic cash ledger for integrated tax, central tax, State tax, Union territory tax or cess, in such form and manner and subject to such conditions and restrictions as may be prescribed and such transfer shall be deemed to be a refund from the electronic cash ledger under this Act.

Section 49 (11) Where any amount has been transferred to the electronic cash ledger under this Act, the same shall be deemed to be deposited in the said ledger as provided in sub-section (1)

Rule 87 (13) 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 the electronic cash ledger for integrated tax, central tax, State tax or Union territory tax or cess in FORM GST PMT-09.

What is Form GST PMT9

Form GST PMT9 can be filled up if amount from one major / minor head is intended to be transferred to another major/minor head.

You May Also Refer: Paid GST in Wrong Head! How Can I Rectify GST paid Challan

Tags : is pmt 09 live on gst portal, form mt 09 on gst portal, gst pmt 09 live, gst pmt 09 online, gst pmt 09 form, pmt 09 is live or not, gst pmt 09 notification, where is mt 09 in gst portal

The post Form PMT09 is available on GST portal | Rectify errors of Cash Ledger appeared first on Studycafe.

from Studycafe https://ift.tt/2VNSYBd