GST PMT-09 - An Urge of Taxpayers comes live

Since the starting of GST it has been sighted that GST is not an user friendly portal and in accordance of which CBIC introduced Form PMT-09 (i.e. a challan) vide Notification no. 31/2019 CT dated 28th June 2019,  for shifting wrongly paid Input Tax Credit. 

It deals with  GST Challan Payment which have been paid along with mistakes in filling the amounts in the Wrong head.

There may be instances where the taxpayer wanted to file the challan with amount in CGST head but instead proceeded with IGST head and vice-versa (there can be many heads).

In this case if the amount is paid under wrong head, it can't be utilized against liabilities of that head and thus accordingly taxpayer needed to file another challan.

The only option present earlier was taking a refund through RFD-01 which proves out to be a hectic process and thus this FORM GST PMT-09 turns out to be a boon for taxpayers.

And accordingly, this enables a registered taxpayer to transfer any amount of tax, interest, penalty, etc. that is available in the electronic cash ledger, to the appropriate tax or cess head under IGST, CGST and SGST in the electronic cash ledger.

Hence, if a taxpayer has wrongly paid CGST instead of SGST (and other heads accordingly), he can now rectify the same using Form PMT-09 by reallocating the amount from the CGST head to the SGST head as the Form PMT-09 has been made live starting 21st April, 2020.

Few Points to Remember :-

• This Form doesn't seems to be helpful in case the amount has been utilized. Thus amount in the wrong head should be available at the time of filing of form.
• If the data in return itself is wrong the challan will be wrong but then it will be adjusted too. For example, in case an amount has been misreported in the GSTR-3B, there is no way to rectify the same as the GSTR-3B is non-editable.
• The amount once utilized and removed from cash ledger cannot be reallocated.
• Major head refers to- Integrated tax, Central tax, State/UT tax, and Cess.
• Minor head refers to- Tax, Interest, Penalty, Fee and Others.

Also Read : How to File FORM GST PMT 09 ?

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