TRANSFER OF AMOUNT FROM ONE HEAD OF ACCOUNT TO ANOTHER IN ELECTRONIC CASH LEDGER

[Mr. M. GOVINDARAJAN]

Payment of tax

The registered person shall deposit the tax amount within the prescribed time limit in electronic cash ledger of the registered person.  The registered person after making his self assessment can then utilize this amount for discharging their liabilities.  
The Central Tax, State Tax, Union Territory Tax, Integrated Tax and Compensation Cess are considered as Major Heads.  The tax, interest, penalty, fees etc., are related to minor heads.  The registered person can then utilize this amount for discharging their liabilities only under that major head and minor head.

Payment in the wrong head

It is quite common that a registered person may pay the tax in the wrong head and he may face difficulties in paying the tax in the correct head.  Sometimes the payment to a particular head because of this wrong payment may be excess or short.   In case of short payment the registered person has to pay the short payment along with the interest from the due date to till the date of payment.  The excess paid amount in another head is to get refund by registered person by filing FORM RFD-01 under the category ‘Excess balance in electronic cash ledger’.

Amendment to Rule 87

The Central Government vide Notification No. 31/2019-Central Tax, dated 28.06.2019 which is called the Central Goods and Services Tax (Fourth Amendment) Rules, 2019.   The said amendment Rules amended Rule 87 and inserted a new sub section (13).  The newly inserted sub 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.

Vide Notification No. 37/2020-Central Tax, dated 28.04.2020, the Central Government gives effect to the newly inserted Rule 87 (13) with effect from 21.04.2020.

Form GST PMT – 09

Form GST PMT-09 is now available on GST portal. It enables a taxpayer to make intra-head or inter-head transfer of amount available in Electronic Cash Ledger. A taxpayer can file GST PMT 09 for transfer of any amount of tax, interest, penalty, fee or others available under one (major or minor) head to another (major or minor) head in the Electronic Cash Ledger. Form GST PMT 09 provides flexibility to taxpayers to make multiple transfers from more than one Major/Minor head to another Major/Minor head if the amount is available in the Electronic Cash Ledger. 

The form may be filled up if amount from one major / minor head is intended to be transferred to another major/minor head. Minor head for transfer of amount may be same or different. 

 The amount from one minor head can also be transferred to another minor head under the same major head.

Amount can be transferred from the head only if balance under that head is available at the time of transfer.

Procedure

•  To file Form GST PMT-09 taxpayers are required to login on GST portal with valid credentials and navigate to Services → Ledgers → Electronic Cash Ledger → File GST PMT-09 For Transfer of Amount option.
• Click ‘Electronic cash Ledger’;
• Click ‘File GST PMT-09 For Transfer of Amount option’ to perform intra-head or inter-head transfer of amount.  
•  Then Electronic Cash Ledger page will be displayed.

• Cash balance available for transfer will be displayed;

• One can transfer any amount of tax, interest, penalty, fee or others from any Minor Head (under any Major Head under IGST, CGST, SGST/UTGST and Cess) to the appropriate tax, interest, penalty, fee or others head (i.e. to any Minor Head) under any Major Head of IGST, CGST, SGST/UTGST and Cess.
• Enter the details in ‘transfer amount from’ and ‘transfer amount to’.
• The click the ‘Save’ button.
• Once the details are added to make Intra-head and Inter-Head transfer of funds, table for Cash ledger balance-preview of updated balance, is updated accordingly.
• One can transfer maximum amount available with him in any particular head to perform intra-head or inter-head transfer of amount. In case, one try to transfer amount which is not available, he will receive an error message that sufficient amount is not available with him in cash ledger corresponding to the amount intended to be transferred.
• If no error is there, a warning screen will be displaced in which it will be displayed as ‘Are you sure, the amount indicated as above is intended to be transferred’?
• If it is ok  then click ‘OK’ button.
• If it is ‘No’ then the registered person can enter additional record in ‘Add Record’ option and click ‘Save’.
• The records are processed and validated successfully.
• One can click the Delete button, to delete any record which has been added under Processed Records table, if required.
• Once a record is deleted, under Processed Records table, table for Cash Ledger Balance-Preview of Updated Balance is updated accordingly.
• This table will then reflect the Electronic Cash Ledger balance (that will be available with you under different heads) upon filing of Form GST PMT-09 and in this case only available processed records will be given effect by the system for transfer of amount under various heads.
• Then click ‘proceed’ button.
• Then the form is to be verified
• Select the Verification checkbox\.
• Select the Authorized Signatory.
• Click FILE GST PMT-09.
• Then a warning message will be displayed with the indication ‘Are you Sure, the amount as indicated above is intended to be transferred?’
• Click ‘Yes’ button.
• If the registered person wants to use his digital signature or file with EVC button, then he is to click the required button ‘File with EVC’, ‘File with DSC’.
• After Form GST PMT-09 is filed:

• ARN is generated on successful filing of Form GST PMT-09.
• An SMS and an email are sent to the taxpayer on his registered mobile and email id.
• Electronic Cash ledger will get updated after successful filing of Form GST PMT-09.
• Filed form GST PMT-09 will be available for view/download in PDF format.

• The menu ‘Filing Successful’ will be displayed with date of filing.

To view the Form GST PMT – 09

• Access the https://www.gst.gov.in/URL.
• The GST Home page is displayed.
•  Login to the GST Portal with valid credentials.
• Navigate to Services → Ledgers → Electronic Cash Ledger option.
• Click View Filed GST PMT-09 option to view filed Form GST PMT-09.  
• One can SEARCH the details by entering the ARN or DATE.
• Then click the DOWNLOAD GST PMT-09 (PDF) to download the filed Form GST PMT-09.
•  Filed Form GST PMT-09 is displayed in the PDF format.