Central Board of Indirect Taxes and Customs in its notification dated 28th April 2020 has notified 21st April 2020 as the day when rule 9 and rule 25 of the Central Goods and Services Tax (Fourth Amendment) Rules, 2019, shall come into force.
The CBIC has recently introduced Form PMT-09 for shifting wrongly paid Input Tax Credit. This enables a registered taxpayer to transfer any amount of tax, interest, penalty, etc. that is available in the electronic cash ledger, to the appropriate tax or cess head under IGST, CGST and SGST in the electronic cash ledger.
All registered taxpayers are eligible to shift any balances available in the electronic cash ledger using Form GST PMT-09.
Click here to read the Notification.
