GST Wrongly Paid - ITC

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....ST Wrongly Paid - ITC<br> Query (Issue) Started By: - Ethirajan Parthasarathy Dated:- 28-9-2020 Last Reply Date:- 29-9-2020 Goods and Services Tax - GST<br>Got 2 Replies<br>GST<br>A business entity, b....

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....y mistake, pays RCM tax on municipal tax paid. Is it entitled to set-off this as ITC or should they go for only for refund. Reply By Himansu Sekhar: The Reply: Refund is the option. Reply By KASTUR....

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....I SETHI: The Reply: Tax under RCM is paid in cash. So you must get refund in cash. So better option is filing refund claim on the ground of &quot;Wrongly Paid&quot;. Read Rule 86(4A) inserted w.e.f. ....

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....23.03.2020 of CGST Rules. &quot;Rule-86 .[(4A)&emsp;Where a registered person has claimed refund of any amount paid as tax wrongly paid or paid in excess for which debit has been made from the elect....

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....ronic credit ledger, the said amount, if found admissible, shall be re-credited to the electronic credit ledger by the proper officer by an order made in FORM GST PMT-03.]&quot;. Also go through Circ....

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....ular No.135/05/2020-GST dated 31.3.2020 as amended vide Circular No. 139/09/2020-GST, dated 10-6-2020.<br> Discussion Forum - Knowledge Sharing ....