Proposed change in CGST Rules as per draft notification

Proposed change in CGST Rules as per draft notification

“87(13) A registered person may, on the common portal, transfer any amount of tax, interest,

penalty, fee or any other amount available in the electronic cash ledger under the Act to the

electronic cash ledger for integrated tax, central tax, State tax or Union territory tax or cess in FORM GST PMT-9.

In simple words, amount paid in Electronic Cash Ledger can be transferred from one major/minor head to another. So IGST wrongly paid can be transferred to CGST, SGST etc vide newly inserted (proposed) FORM GST PMT-9. Similarly Late Fee, Interest, Penalty wrongly paid can be transferred to other head.