Our Taxable Supply was Inter State but We paid CGST & SGST in FY 17-18. Now we realise that the Supply was Inter state and we were to Pay IGST. ( Same Vendor have Reg in Maharashtra and Goa)
Now amendment also not possible due to Tab for FY 17-18 is not available.
What do to in this case.?
Our Vendor Demands for IGST Credit but we paid IGST.
What is solution.?
Company Must Pay IGST for Interstate Supply, Then Seek Refund of CGST and SGST; No Interest Chargeable. A discussion on a forum addresses an issue where a company mistakenly paid Central GST (CGST) and State GST (SGST) for an interstate supply instead of Integrated GST (IGST) for the fiscal year 2017-18. An expert advises that the company must first pay the IGST and then apply for a refund of the CGST and SGST under relevant sections of the CGST Act, noting that interest is not chargeable. The conversation includes requests for case law references and highlights the challenges of litigation. The discussion emphasizes the importance of knowledge sharing and provides a relevant case law reference. (AI Summary)
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