A registered person dealing in exempted
item but wrongly charged GST in bills. He also utilised ITC against the tax liability and paid balance amount of tax in cash. The query is whether he is eligible for ITC on sale of exempted goods or he has to pay whole tax amount which is charged in bills and collected from customers ?
Menu
Wrongly Tax Collection in Bills
Replies (1)
1. No he not eligible take ITC even though he wrongly charged & collected tax on outward supply.
2. he is liable to pay whole tax with interest.
2. he is liable to pay whole tax with interest.
Recent Topic
- While e filing otp not generating
- INCOME FROM CLOSING OF NSS -1992 -EXEMPT UNDER W
- GPF AND COMMUTED PENSION RECEIVED
- How do I choose the correct trademark class? Can I
- Error in totalling salary amount in AIS
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
Related Topics
CAclubindia
