Advice me during the FY 2017-18 in GsT due to clerical error we have wrongly entered input in IGST Instead of CGST AND Sgst and tax was setoff with IGST but actual input was of CGST and SGST.Now it came out during the audit conducted by the department is any interest or penalty will be leviable.
2.Is their any case law which helps to save interest or penalty pls advice
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Related to GSt audit....
Replies (2)
It's itself given in Section 77 (2) of CGST Act NO INTEREST IS APPLICABLE on such conditions.
So you don't need any case study, it's given in Act.
Note :
And As per Rule 89(1A) inserted by Notification 35/21 CT, e.f 1/1/2022 , after paying under correct head , you can claim refund by filing RFD-01
So you don't need any case study, it's given in Act.
Note :
And As per Rule 89(1A) inserted by Notification 35/21 CT, e.f 1/1/2022 , after paying under correct head , you can claim refund by filing RFD-01
No interest and penalty applicable in this case
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