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GST laid even if it was covered under RCM
Please A has issued an invoice to Party B which was covered under RCM. Party B has paid tax on the same as well as by mistake Party A has also paid tax on the same bill. What to do now????
Replies (2)
According to me, the supplier is eligible to claim refund of tax paid under the catgory Refund of tax wrongly collected and paid to government by filing form RFD - 01. You can refer section 55 of the act for the same.
since you have charged & collected GST from Recepient hence cannot claim Refund , but if you have not filed the return or not setoff the tax liability against deposited tax then can file application for refund online on portal from cash ledger & get bill rectified
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