A supplier has charged wrong tax ie instead of CGSt/SGST he has charged IGST can the receiver claim credit of the wrong tax charged whats the solution to this
GST ITC for wrong tax charged
Asked by
Input tax credit remedies for wrong GST head charged allow refund or reallocation without interest or unjust enrichment.
When GST is paid or charged to the incorrect tax head (for example IGST instead of CGST/SGST), the wrongly paid tax is refundable and input tax credit or refund relief may be claimed; such refunds or reallocations are to be granted without application of unjust enrichment and without charging interest on the corrective payment. (AI Summary)
When GST is paid or charged to the incorrect tax head (for example IGST instead of CGST/SGST), the wrongly paid tax is refundable and input tax credit or refund relief may be claimed; such refunds or reallocations are to be granted without application of unjust enrichment and without charging interest on the corrective payment. (AI Summary)
TaxTMI