GSTN develops functionality for transfer of amount available in electronic cash ledger

GSTN had opened a new functionality on the portal through which taxpayers can now transfer amount available under one head to another in the electronic cash ledger. The taxpayers are required to file FORM GST PMT-09 for availing this benefit.  The ‘major’ heads are Central GST, State or Union Territory GST, Integrated GST and cess, whereas the ‘minor’ heads defined in the law are tax, interest, late fee, penalty and others.GSTN had said that with the release of this functionality that “Thus, the taxpayers need not apply for refund for tax wrongly deposited under a particular head or deposit the amount in cash ledger again.”

https://economictimes.indiatimes.com/news/economy/policy/gstn-develops-functionality-for-transfer-of-amount-available-in-electronic-cash-ledger/articleshow/75556544.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst