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The CBIC has recently introduced Form PMT-09 (i.e. a challan) for shifting wrongly paid Input Tax Credit. 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, he can now rectify the same using Form PMT-09 by reallocating the amount from the CGST head to the SGST head.
All taxpayers registered under GST are eligible to shift any balances available in the electronic cash ledger using Form GST PMT-09. The facility to use PMT-09 was made LIVE on the GST Portal on 21 April 2020. The option is available after the taxpayer logs in, under the electronic cash ledger tab. Thus, a taxpayer can now easily rectify wrongly paid taxes or other amounts.
Mr. A. had to pay Rs.100 as Central Tax under the major head and Rs.50 as interest under the minor head and he has wrongly paid Rs.50 under Central tax head and Rs.100 as interest under the minor head. In this case, he can file PMT-09 to shift the amount from the major head (i.e. Central tax) to the minor head (i.e. interest). This shifting of the amount can be done from minor head to major head as well. An amount can also be transferred from one minor head to another minor head under the same major head. For example, in the case of interchange of interest and penalty amount under Central Tax can also be rectified by filing PMT-09.
PMT-09 comprises of minor and major heads. The taxpayer can mention the amount of tax which he wants to transfer from one head to another. The amount can be transferred from the head only if there is a balance available under that head at the time of transfer. A taxpayer can provide his GSTIN and fill the details in Table 5- Details of the amount to be transferred from one account head to another in Form GST PMT-09.
Below is the format:
After filing in the details, a taxpayer can Verify the details and sign the same.
To learn the detailed steps to use PMT-09 facility on the GST portal, read our article on ‘How to file PMT-09 on the GST portal?’