GST
Transferring cash balance to another GSTIN of the same PAN
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Facts
Yes. Since the 2022 amendment to Sec 49(10), a registered person can transfer IGST and CGST amounts in the cash ledger to a distinct person with the same PAN, using PMT-09. SGST balance cannot be moved across states.
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 Delhi has ₹3,00,000 IGST in cash and Haryana owes tax, move it through PMT-09 to the Haryana GSTIN. Transfer is not allowed while the transferring GSTIN has unpaid liabilities in its return. This saves a refund claim and a fresh deposit.
Conclusion
- Check the transferring GSTIN has no unpaid dues
- Open PMT-09 and choose transfer to another GSTIN of the same PAN
- Select the receiving GSTIN, heads and amounts
- File and check both ledgers
A Savvy can do this for you
Refund of excess cash ledger balance
₹1,999
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