GST Cash Ledger New Rule Notified & PMT 9
Summary: Changes in GST Cash Ledger
– OIDAR cannot pay GST Challan by Electronic Accounting System in Excise and Service Tax
– Now a registered person can transfer any amount of tax / interest / penalty / fee to any other head in the electronic cash ledger.
– For this, a new Form GST PMT-09 has been introduced.
– The effective date of this Rule is yet to be notified [Rule 87(13) inserted
Note:
-GST PMT 09 allows only transfer of the amount of tax /interest /Fees /Penalty laying in cash ledger between Major Heads and minor Heads only
– Thus you need not apply for refund from Electronic Cash Ledger for payment in Wrong head.
– If a wrong tax is utilized from Cash Ledger for payment of Tax then PMT 09 cannot be filed.