Is there any provision of refund to the deductor or the deductee arising on AC. of excess or erroneous deduction made under GST??
Replies (3)
Quick Summary
This discussion clarifies the provision for GST refunds when excess or erroneous deductions have been made. Refunds for both the deductor and deductee are handled under Section 54 of the GST Act. Importantly, a deductor cannot claim a refund if the deducted amount has already been credited to the deductee's Electronic Cash Ledger.
The refund to the deductor or deducted arising on a/c of excess or erroneous deduction shall be dealt with in accordance with provision section 54 . Further no refund to deductor shall be granted, if the amount deducted has been credited to ECL of Dedcutee.