IGST paid wrongly under CGST - a taxpayer is directed to pay tax under correct head and claim refund of the tax paid under incorrect head without interest

IGST paid wrongly under CGST - a taxpayer is directed to pay tax under correct head and claim refund of the tax paid under incorrect head without interest https://www.taxtmi.com/article/detailed?id=8915 The High Court held that a taxpayer who inadvertently paid tax under CGST instead of IGST must deposit the correct IGST amount but is not liable for interest; the taxpayer may claim refund of the wrongly paid CGST or adjust that amount against future liabilities. Cross utilisation of CGST against IGST is not permitted, yet refund provisions apply to remedy bonafide misclassification and a revenue demand for interest was quashed. en-us Sat, 25 Jan 2020 10:27:05 +0530 Sat, 25 Jan 2020 10:27:05 +0530 TaxTMI RSS Generator IGST paid wrongly under CGST - a taxpayer is directed to pay tax under correct head and claim refund of the tax paid under incorrect head without interest https://www.taxtmi.com/article/detailed?id=8915 The High Court held that a taxpayer who inadvertently paid tax under CGST instead of IGST must deposit the correct IGST amount but is not liable for interest; the taxpayer may claim refund of the wrongly paid CGST or adjust that amount against future liabilities. Cross utilisation of CGST against IGST is not permitted, yet refund provisions apply to remedy bonafide misclassification and a revenue demand for interest was quashed. Articles Goods and Services Tax - GST Sat, 25 Jan 2020 10:27:05 +0530 https://www.taxtmi.com/article/detailed?id=8915