WRONG OUTWARD SUPPLY IGST

Is the refund IGST Also comes with interest?

Raja Sir,

Next month I have to pay  igst -  20000/- :: cgst 60000  sgst  60000/-

so, can i put 0 in igst and  cgst 60000+20000   - sgst  60000+20000?

then still I need to adjust (43000- 20000)  =23000. it can be adjust again in next month i.e 2nd month sir?

Pankaj Sir, and Raja sir, with your kind helps and answers too I am happily informed to you all  , I was passed out GSTP exam. Thanks.

Originally posted by : MURALIDOSS
	Pankaj Sir, and Raja sir, with your kind helps and answers too I am happily informed to you all  , I was passed out GSTP exam. Thanks.

Well... 

Congratulations Dear... Enjoy the Fruits with Your Hard-work...

Congrats @ Muralidoss.

In above question how the tax liability is discharged is not mention .i.e (cash or credit ledger utilization)

Refund is only possible where there is actual payment .If the tax liability is disposed off by utilizing the credit Ledger, refund is not entertained.(You may also go through the online refund application format).Hence  in above question, if the 3b liability is discharged through making payment by cash ,only then the refund application is possible.

In this case you have to select 8th in the sequence of refund types mentioned there in.

Congrats @ Muralidoss.

You did not mentioned how did you disposed off your tax liability in 3b. I mean  either through utilizing credit or paying cash

Please note that refund is only allowable if you made payment.

regards

dear muralidoss

congrats !!!!! , it all your hard work. enjoy & all the best for future

'You did not mentioned how did you disposed off your tax liability in 3b. I mean  either through utilizing credit or paying cash"

Yes I will make cash payment., and refund will adjust in future liability.

Thanks,