Excess payment of gst
This query is : Resolved
24 November 2022
Excess gst paid to the tune of 11 lakhs during months april, may and june of 2018.
In subsequent months liabilty can the excess gst paid previously be adjusted / setoff suo moto? Is setoff of liability from previous excess payment permissible. Or whether will have to apply for refund of excess payment?
In subsequent months liabilty can the excess gst paid previously be adjusted / setoff suo moto? Is setoff of liability from previous excess payment permissible. Or whether will have to apply for refund of excess payment?
24 November 2022
If already paid as per return filed, you need to apply for refund. But it is just added to cash ledger, you can adjust.
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