GST
Moving cash from one tax head to another with PMT-09
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Facts
No. Sec 49(10) and Rule 87(14) allow you to transfer an amount in the cash ledger from one head or minor head to another, such as IGST to CGST or tax to interest, using PMT-09. No refund claim is needed.
Provisions and law
- Sec 49(10), CGST Act 2017Cash ledger amounts can be transferred between heads, and to a distinct person under the same PAN
- Rule 87(14), CGST Rules 2017Transfer of cash ledger amounts through PMT-09
Analysis
If ₹50,000 went into IGST instead of CGST and SGST, file PMT-09 to move ₹25,000 each to CGST and SGST. PMT-09 works only on unused cash balance. If the wrong head was already used to pay tax in a return, the fix is different.
Conclusion
- Open Services > Ledgers > Electronic Cash Ledger > File GST PMT-09
- Select source and destination heads and amounts
- Save, preview and file with DSC or EVC
- Check the cash ledger reflects the change
A Savvy can do this for you
Refund of excess cash ledger balance
₹1,999
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