CBIC notifies 21st day of April, 2020 asthe date from which Rule 87(13) of CGST Rules  & Form GST PMT-09  will comes into effect.  After this rule comes into effect 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.

PMT 09 is the prescribed challan for shifting the wrongly paid ITC.  It is recently introduced by CBIC. If you have paid a wrong tax, like CGST in place of SGST, you can shift it using this challan. PMT 09 consists of minor and major heads. You can mention the amount of tax you wish to shift as in the details of the amount to be transferred from one account head to another. The reallocation of tax can be from major head to minor head and vice versa.

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)

Notification No. 37/2020–Central Tax

New Delhi, the 28th April, 2020

G.S.R. 266(E).In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017) read with clause (c) of rule 9 and rule 25 of the Central Goods and Services Tax (Fourth Amendment) Rules, 2019 (hereinafter referred to as the rules), made vide notification No. 31/2019–Central Tax, dated the 28th June, 2019, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R 457(E), dated the 28th June, 2019, the Government, hereby appoints the 21st day of April, 2020, as the date from which the said provisions of the rules, shall come into force.

[F. No. CBEC-20/06/09/2019-GST]
PRAMOD KUMAR, Director

More Under Goods and Services Tax

3 Comments

  1. CA. C V SURYAM says:

    Does it mean that the facility is available from 21/04/2020 even to the wrong head payment of tax prior to this date or applicable only for wrong head payments made on or after 21/04/2020? Offer your comments.

    1. R S Vigneshanand says:

      The rule states that any balance available in electronic cash ledger can be transferred. Hence, it does not differentiate amounts paid under wrong heads of payment. w.e.f 21.04.2020, the transfer can be made to the extent of cash balance available in electronic cash ledger. The cash ledger balance available for transfer is auto populated.

    2. CA Vigneshanand R S says:

      The rule states that any amount available in electronic cash ledger can be transferred. Hence it does not differentiate amount wrongly paid amount before or after the date notified. The electronic cash ledger balance available for transfer is auto populated in portal.

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