In this article, you will learn:
Every deposit of cash made on the GST portal is credited to the electronic cash ledger of the taxpayer. This means that the amount available in the electronic cash ledger is used for making payments towards tax, interest, GST penalty, fees, and any other amount payable. However, there are times when the amount is deposited under a wrong head which cannot be used to discharge liabilities due under another head.
Thus, to deal with such challenges, CBIC recently introduced form GST PMT – 09 for shifting the amount paid under the wrong head. This article talks about form GST PMT – 09, its applicability, and format.
What is GST PMT – 09?
Form GST PMT – 09 is a challan that enables a registered taxpayer to transfer any amount of tax, interest, penalty, fee or any other amount available under one head (major or minor) to another head (major or minor) as available in the electronic cash ledger. Thus, such a form allows a taxpayer to perform intra head or inter head transfer of amount as available in electronic cash ledger.
Furthermore, form GST PMT – 09 also allows the taxpayer to make multiple transfers from more than one major or minor head to another major or minor head provided sufficient cash is available in electronic cash ledger. To understand this, let’s take a look at how the funds get deposited in the electronic cash ledger.
Applicability of GST PMT – 09
A registered taxpayer deposits money on the GST portal by generating a challan. The amount so paid gets credited under a particular head in the electronic cash ledger of the taxpayer on the GST portal. The cash available in the electronic cash ledger is further utilized to pay off the liabilities outstanding under the particular head in which cash was deposited.
Thus, if a taxpayer deposited any amount under a major head (IGS, CGST, SGST/UTGST, and Cess) or minor head (tax, interest, penalty, fee, and others), he can utilize this amount for discharging liabilities only under that major head and minor head. However, there are times when a taxpayer pays the amount under a wrong head and the same cannot be used to pay off the liabilities that may be due in another head.
Thus, in such cases, the taxpayer can claim a refund of the amount that may have been deposited under the wrong head in GST. He can claim this refund by filing an application in form GST RFD – 01 under the category ‘excess balance on electronic cash ledger’.
However, the process of claiming a refund and its disbursement may lead to blocking of funds for the taxpayer. Hence, to overcome this challenge, CBIC introduced form GST PMT – 09 on the GST portal. Such a form now enables the taxpayer to undertake intra – head or inter head transfer of amount in electronic cash ledger.
For instance, the taxpayer can use this facility to transfer the amount available in electronic cash ledger in the following way:
- Transfer amount from minor head tax under major head cess to minor head interest under major head CGST or
- Transfer amount from minor head interest under major head IGST to minor head tax under the same major head IGST
Instructions for Filing Form GST PMT – 09
- You need to click on the ‘electronic cash ledger’ option under ‘ledgers’ – one of the services rendered on the GST portal.
- Then, you need to click the option ‘file GST PMT – 09 for transfer of amount’.
- Once you click on the aforementioned option, the portal displays your cash ledger balance which is available for transfer.
- It is important to note that form GST PMT – 09 has major and minor heads. Major head comprises integrated tax, central tax, state tax/UTGST, and cess. Whereas minor heads include tax , interest, fee, penalty, and others.
- As mentioned above, the form may be filled up if amount from one major or minor head needs to be transferred to another major or minor head. That is to say, the minor head for transfer of amount may be same or different.
- Also, the amount from one minor head can also be transferred to another minor head under the same major head.
- Amount in the electronic cash ledger can be transferred from the head only if the balance under that particular head is available at the time of transfer.
Form GST PMT – 09 Format