NewsGSTN enabled option to utilize the amount in Cash Ledger of one GSTIN by another GSTIN having same PAN

The Goods and Services Tax Network (“GSTN”) has enabled the option to utilize the amount in the cash ledger of one the Goods and Services Tax Identification Number (“GSTIN”) by another GSTIN (entities having the same PAN) by way of transfer through form GST PMT-09 has been made effective in the GST portal.

Relevant Provision:

Rule 87(14) of the Central Goods and Services Tax Rules, 2017 (“the CGST Rules”)

Electronic Cash Ledger –

(14) 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 central tax or integrated tax of a distinct person as specified in sub-section (4) or, as the case may be, sub-section (5) of section 25, in FORM GST PMT- 09:

Provided that no such transfer shall be allowed if the said registered person has any unpaid liability in his electronic liability register.