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Wrong gst paid and how to get refund

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Madhusudhan

practice

42 Points Posted on 24 February 2021

Instead of CGST and SGST the company paid IGST in 17-18. If the company pay CGST and SGST now can we claim the -wrongly paid GST (IGST). Is there any solution to get refund /credited to Cash ledger account.

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Quick Summary

If your company mistakenly paid IGST instead of CGST and SGST in a previous financial year, you can claim a refund for the incorrectly paid IGST. You can then pay the correct CGST and SGST now. This refund can be credited to your cash ledger account or adjusted against future tax liabilities in subsequent returns.