A recent tweet issued by GST Tech stated that Now Taxpayers can transfer the amount in Cash Ledger from one GSTIN to another GSTIN registered on the same PAN through Form GST PMT-09.
The GST portal has released a new functionality enabling taxpayers to transfer the amount available in the cash ledger from one GSTIN to another GSTIN registered on the same PAN by filing Form GST PMT-09.
Steps:
Step 1. Login to www.gst.gov.in > 01 Dashboard> Services> Ledgers> Electronic Cash Ledger
Step 2. Select the transferee GSTIN from dropdown
Step 3. Select ‘FROM’, ‘TO’ and ‘AMOUNT’
Step 4. See preview of updated balance on screen
Step 5. Choose between EVC and DSC filing from the common filing page and verify accordingly
Step 6. Message of successful filing is displayed
Relevant provision: Rule 87(14) of the CGST/SGST Rules, 2017
Note: No such transfer shall be permitted if the registered individual has any unpaid liability in his electronic liability register.
Source from: https://twitter.com/Infosys_GSTN/status/1638434470607896578?t=p4_HjQTC0y-eDtZcDOZGDQ&s=19
