The option to transfer funds from one GSTIN's cash ledger to another GSTIN's cash ledger under the same PAN has been made available on the GST portal through Form PMT-09.
👉Form PMT-09 is a facility provided under GST for taxpayers to make a transfer of any amount of tax, interest, penalty, or fee from one head to another in the electronic cash ledger. With the recent update, taxpayers can now utilize the funds available in the cash ledger of one GSTIN for another GSTIN under the same PAN.
👉This can be useful for businesses that have multiple GSTINs under the same PAN and need to transfer funds between them.
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ReplyDeleteThe GSTN (Goods and Services Tax Network) allows one GSTIN (Goods and Services Taxpayer Identification Number) under the same PAN to update the balance of the cash ledger of another GSTIN. This feature enables businesses or entities linked by the same PAN to manage and transfer funds between their respective GSTINs seamlessly, streamlining their GST-related financial transactions. I would like to thank you for the efforts youve got produced in writing this article. AZ-204: Developing Solutions for Microsoft Azure