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CBIC has inserted a new form GST PMT-09, wherein taxpayer can transfer any amount of tax from one head to other head (including Major and Minor head). Currently this facility is available for electronic cash ledger only. A new sub rule [Rule 87(13)] has been inserted to give effect on the same. However effective date of this sub rule is yet to be notified by CBIC.

Rule 87(13) - A registered person may 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.

GST PMT-09

5. Details of the amount to be transferred from one account head to another.

Amount to be transferred from 

Amount to be transferred to

Major head

Minor head

Amount

available

Major Head

Minor head

Amount

transferred

1

2

3

4

5

6

Central Tax, State/UT Tax, Integrated Tax, Cess

Tax 

 

Central Tax, State/UT Tax, Integrated Tax, Cess

Tax 

 

Interest

 

Interest

 

Penalty

 

Penalty

 

Fee

 

Fee

 

Others

 

Others

 

Total

 

Total

 

 


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Published by

TaxReply

on Jul 1, 2019

Comments


Yes it is one of good decision by GST team.
By: Satish M | Dt: Jul 1, 2019
Good. we are waiting for this from the inception.
By: G.venu Gopal | Dt: Jul 21, 2019


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