How to transfer amount in Cash Ledger from one GSTIN to another GSTIN:

How to transfer amount in Cash Ledger from one GSTIN to another GSTIN

The GST Department has notifies that Now Taxpayers can transfer the amount in Cash Ledger from one GSTIN to another GSTIN registered on the same PAN through Form GST PMT-09.

Transfer amount in Cash Ledger from one GSTIN to another GSTIN

authorReetudateMar 22, 2023
Last update on Mar 22, 2023

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How to transfer amount in Cash Ledger from one GSTIN to another GSTIN The GST Department has notifies that Now Taxpayers can transfer the amount in Cash Ledger from one GSTIN to another GSTIN registered on the same PAN through Form GST PMT-09. GST Portal has released a new functionality enabling taxpayers to transfer amount available in cash ledger from one GSTIN to another GSTIN registered on the same PAN by filing Form GST PMT-09. Navigate to: GST Portal> Dashboard> Services> Ledgers> Electronic Cash Ledger

Electronic Cash Ledger:

On the common portal, a registered person may transfer any amount of tax, interest, penalty, fee, or other amount available in the electronic cash ledger under the Act to the electronic cash ledger for central tax or integrated tax of a distinct person as specified in sub-section (4) or, as the case may be, sub-section (5) of section 25, in FORM GST PMT- 09: However, no such transfer shall be permitted if the registered individual has any unpaid liability in his electronic liability register.

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Reetu

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Reetu is a Content Writer with 4+ years of experience in GST, Income Tax, Finance, Company Law, Education and Career Related Content. She is a B.COM (Honrs.) Graduate.
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