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refund/adjustment of wrong tax paid
one of our company's vendor issued a bill with cgst and sgst whereas he was required to charge igst. now he has paid to the government and 2 months has lapsed. when we informed him about his mistake, he said now nothing can be done. I told him to reverse the entry and adjust the amount from current liability on which he said there is no provision. Pls guide on this.
Replies (2)
Your vendor reverse entry in next GSTR 3B as per following way
Increase liability of IGST & decrease liability of CGST & SGST
No interest payable for such mistakes
Increase liability of IGST & decrease liability of CGST & SGST
No interest payable for such mistakes
he cannot get away by saying nothing can be done ,.. Ask him to ammend in his next GSTR1
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