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GST laid even if it was covered under RCM

RCM 292 views 2 replies
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Inter CA
126 Points Posted on 28 January 2019
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????
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On 28 January 2019 at 13:32 Report
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Chartered Accountant
412 Points Posted on 28 January 2019
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.
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On 28 January 2019 at 13:51
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GST Practitioner
55067 Points Posted on 29 January 2019
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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On 29 January 2019 at 21:26


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