Pursuant to a notification dated 28 April 2020 (“Notification”), the Central Board of Indirect Taxes and Customs (“CBIC”) has notified that the Rules 9(c) and 25 of the Central Goods and Services Tax (Fourth Amendment) Rules, 2019 (“Amendment Rules”), which amends the Central Goods and Services Tax Rules, 2017, shall be effective from 21 April 2020.
Various taxpayers at the time of making the GST challan payment make mistakes by filling the amounts under the wrong head. Recovery or alternate utilisation of the wrongly paid input tax credit was till recently quite a cumbersome process. The Notification has brought into effect, from 21 April 2020, the use of Form GST PMT-09, a challan for shifting wrongly paid input tax credit. All taxpayers registered under GST are now eligible to shift any amount of tax, interest, penalty, etc. that is available in the electronic cash ledger to the appropriate tax or cess head under integrated tax, central tax, and state tax or union territory tax or cess in the electronic cash ledger using Form GST PMT-09.Therefore, if a taxpayer has wrongly paid central goods and services tax (“CGST”) instead of state goods and service tax (“SGST”), he can now rectify the same using Form PMT-09 by reallocating the amount from the CGST head to the SGST head. The notification can be accessed here.