• Notification Date: 08-03-2023
• Notification No: N/A

GSTIN to GSTIN Cash Ledger Balance Transfer by GST PMT-09 on GST Portal

The GST Portal has been updated with a new functionality to enable taxpayers to transfer the available cash ledger balance from one GSTIN to another GSTIN on the same PAN.  

The same can be accessed by following the process on the portal- Dashboard>Services>Ledgers>Electronic Cash Ledger. 

The new provision enables taxpayers to transfer credit from one GSTIN to another, if the same PAN is registered for both the entities. Form GST PMT-09 enables any registered or unregistered taxpayer to perform intra-head or inter-head transfer of amount as available in Electronic Cash Ledger. Thus, a registered or unregistered taxpayer can now file Form GST PMT-09 for transfer of any amount of tax, interest, penalty, fee or others, under one (major or minor) head to another (major or minor) head, as available in the Electronic Cash Ledger. 

In case, a registered or unregistered taxpayer deposits any amount under a major head (Integrated tax, Central tax, State/UT tax, and Cess) or minor head (Tax, Interest, Penalty, Fee and Others), they can then utilize this amount for discharging their liabilities only under that major head and minor Head. So, they need to deposit the amount only under a particular Head to meet their existing liabilities under that head (only). Form GST PMT-09 on the GST portal allows taxpayers to make Intra-head and Inter-Head transfer of funds, as available in their Electronic Cash Ledger. Thus, this facility can be used to transfer any amount available in Electronic Cash Ledger as given below: 

This form can be used by GST registered entities who have multiple GSTINs (Goods and Services Tax Identification Numbers) under the same PAN (Permanent Account Number) to transfer funds between their own accounts. 

It was earlier used to transfer amount from minor head tax under major head cess to minor head interest under major head CGST or to transfer amount from minor head Interest under major head IGST to minor head Tax under same major head IGST.