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 ?
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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.
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