M/s VSM & Co. have availed input tax credit of 42,500 during September under IGST head, instead of availing - 21,250 under CGST & SGST…

As per provisions of section 49 (10) of the CGST Act, 2017 read with rule 87 (13) of the CGST Rules, 2017, “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-09”. It is important to note that only amounts available under Electronic Cash Ledger can be transferred to the respective heads using Form GST PMT-09 and not otherwise. Accordingly, contention of the Accountant Mr. Raghu of M/s VSM & Co., is not valid for transfer of 42,500 from head IGST to respective CGST & SGST in Electronic Credit Ledger.