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What is pmt 9

San Satyam (25 Points)

22 April 2020

explain

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5 Replies

Devil (Confidential) (177 Points)
Replied 23 April 2020

PMT 09 is the prescribed challan for shifting the wrongly paid ITC. It is recently introduced by CBIC. If you have paid a wrong tax, like CGST in place of SGST, you can shift it using this challan.

PMT 09 consists of minor and major heads.

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Pankaj Rawat (GST Practitioner) (55057 Points)
Replied 23 April 2020

In term of Section 49(10) Taxpayer can transfer the cash balance available under one head to another head of tax i.e. from CGST to SGST or interest or penalty or vice versa & this transfer can be made by filing PMT 09

Note:
It's available only in Electronic Cash Ledger .