https://www.taxtmi.com/acts?id=20186 Excess tax payments due to misclassification of tax, incorrect GSTIN, or wrong amount should be refunded or adjusted. Errors in tax nature or GSTIN require administrative verification and a refund application decided within a statutory period. Systems must distinguish return-linked payments from demand-linked payments, and may use period-wise payment or a Personal Ledger Account. Where amounts are misstated, taxpayers may opt for automatic carry forward against future liabilities (if paid with a return) or for refund on application; automatic set off is not for disputes of interpretation. Time limits for suomoto re-crediting should be provided. en-us Sat, 12 Dec 2015 02:12:27 +0530 Sat, 12 Dec 2015 02:15:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20186 Excess tax payments due to misclassification of tax, incorrect GSTIN, or wrong amount should be refunded or adjusted. Errors in tax nature or GSTIN require administrative verification and a refund application decided within a statutory period. Systems must distinguish return-linked payments from demand-linked payments, and may use period-wise payment or a Personal Ledger Account. Where amounts are misstated, taxpayers may opt for automatic carry forward against future liabilities (if paid with a return) or for refund on application; automatic set off is not for disputes of interpretation. Time limits for suomoto re-crediting should be provided. Act-Rules Bills Sat, 12 Dec 2015 02:12:27 +0530 https://www.taxtmi.com/acts?id=20186