Form GST PMT-09 is now available on GST Portal.
- What is GST PMT-09 form?
2. Who can fill PMT-09?
3. Important Points
4. How to file PMT -09 ?
5. Instructions
What is GST PMT 09?
Earlier launched by CBIC via notification no. 31/2019 CT on 28th June 2019, PMT 09 is the prescribed challan for relocating the falsely or erroneously paid ITC. For example, if you have paid CGST instead of SGST, you can rectify it by using this challan which is known as GST PMT 09.
Who can fill a PMT 09?
Every taxpayer can fill PMT 09. It can be accessed via GSTN portal
Thus you can correct your wrongly paid tax easily. One thing we need to take care that in GSTR 3b if a wrong tax is utilized then this challan won’t help. It allows only the shifting of the amount of tax laying in cash ledger. But once the amount is utilized it is removed from cash ledger. In case misreporting in 3b is done, there is again no way out. As we all know editing of GSTR 3b is not possible. We try to remove the errors by making adjustments in next month’s return.
We can say that unless edit facility in 3b is not provided, there is no benefit of this challan. It will be able to handle only one situation and that is when payment is done in the wrong head and not utilized. That situation may arise only in case of penalty etc. Otherwise, we pay prefilled challan generated at the time of filing of return. If the data in return itself is wrong the challan will be wrong but then it will be adjusted too.
Few Points to Remember About GST PMT 09
- This challan is not helpful when wrongly paid challan has been utilised (in GSTR 3b).
- It’s impossible to edit GSTR 3b.
- The challan can shift only the amount of tax present in cash ledger.
- The amount once utilized and removed from cash ledger cannot be reallocated.
- Challan is useful when payment is done under the wrong head but not utilized.
Such situations arise only in case of penalties. - When the data in return is wrong then the data in challan will also be wrong but in this situation too, it can be adjusted.