One of the difficulties being faced by GST taxpayers since the inception of GST law was inter head adjustment of tax, interest, penalty, fee or any other amount available in the electronic cash ledger.
To overcome this difficulty, Finance (No. 2) Act, 2019 (23 of 2019) inserted subsection 10 and 11 in Section No 49 of Central Goods and Service Tax Act, 2017, so as to provide that :
"(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.
(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)."
To give effect to the above subsection CBIC inserted sub-rule 13 in rule 87 of CGST Rules, 2017 vide notification no 31/2019 dated. 28thJune 2019. Rule 87(13) provides that "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". But the Rule was to come into effect from a date to be notified later.
Now form GST PMT-09 is available on the Common Portal, which enables a registered person to transfer any amount of tax, interest, penalty, fee, etc. available in electronic cash ledger, to the appropriate tax or cess head.
Points to be kept in mind before Filing GST PMT-09:
• If the wrong tax paid has already been utilized for making any payment, then this form is not useful. In other words, this form is used only for the transfer of the amounts which are available in the electronic cash ledger.
• Major head refers to- Integrated tax, Central tax, State/UT Tax, and Cess.
• Minor head refers to- Tax, Interest, Penalty, Fee, and Others.
Step by Step Guide to file GST PMT-09:
Step 1: Login to the GST portal using your credentials.
Step 2: Click on Services > Ledgers > Electronic Cash Ledger.
Step 3: Click on "File GST PMT-09 for transfer of amount'. The form will open and you can view the balance available in cash ledger at the top.
Step 4: Go to the "Add record" section and select the major head and minor head under the "Transfer amount from", the balance available in that particular head will auto reflect in amount available column.
Step 5: Now select the appropriate major head to which you want to transfer the amount under the "Transfer amount to" column and fill the amount in the appropriate column against the minor head.
Let’s understand this with an example: suppose a taxpayer paid CGST tax amounting to Rs. 45,000 instead of SGST tax, now to transfer the CGST tax to SGST tax he is filing PMT-09, in order to transfer Rs. 45,000 he needs to select CGST under the major head and Tax under the minor head of "Transfer amount from" and the amount of Rs. 45,000 will automatically reflect in the amount available column. Now under the "Transfer amount to" he needs to select SGST under the major head and fill 45,000 in the column against tax minor head.
Step 6: After entering the details in the "Add record section" click on the save button. Once the record is saved successfully you will be able to view the updated cash ledger balance under the "Cash ledger balance-preview of updated balance" section and the processed record.
Step 7: Now click on the "Proceed to File" option do the verification and file the form using the EVC or DCS as the case may be.
The "Filing Successful" message will appear along with ARN and the balance will be updated in Cash Ledger.
Step 8: Taxpayer can also view the filed GST PMT-09 by clicking on Services > Ledgers > Electronic Cash Ledger> View Filed GST PMT-09
Hope this article adds to your knowledge