18 September 2020
GST was paid on reverse charge basis on long term lease of land from a Government agency. However, after payment of GST, the lease was cancelled. Can refund application be filed for the amount of GST paid under RCM earlier in this case? If so, what is the procedure.
18 September 2020
YES YOU CAN CLAIM THE REFUND OF EXCESS PAYMENT OF TAX UNDER SECTION 54.THE REFUND IS TO BE FILED ONLINE ON GST PORTAL.YOU HAVE SUBMIT ALL THE RELEVANT DOCUMENTS IN SUPPORT OF YOUR CLAIM LIKE CHALLAN FOR PAYMENT OF TAX,ORIGINAL LEASE,CANCELLATION OF DEED, LESSOR INVOICE FOR LEASE RENT ETC. WAS THE LEASE RENT PAID IN ADVANCE? HAVE YOU RECEIVED THE REFUND OF LEASE PAYMENT?
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