TMI BlogGST Wrongly Paid - ITCX X X X Extracts X X X X X X X X Extracts X X X X ..... A business entity, by mistake, pays RCM tax on municipal tax paid. Is it entitled to set-off this as ITC or should they go for only for refund. - Reply By Himansu Sekhar - The Reply = Refund is the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... option. - Reply By KASTURI SETHI - The Reply = Tax under RCM is paid in cash. So you must get refund in cash. So better option is filing refund claim on the ground of Wrongly Paid . Read Rule 86(4 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... A) inserted w.e.f. 23.03.2020 of CGST Rules . Rule-86 .[(4A) Where a registered person has claimed refund of any amount paid as tax wrongly paid or paid in excess for which debit has been made ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... from the electronic credit ledger, the said amount, if found admissible, shall be re-credited to the electronic credit ledger by the proper officer by an order made in FORM GST PMT-03 .] . Also g ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o through Circular No.135/05/2020-GST dated 31.3.2020 as amended vide Circular No. 139/09/2020-GST, dated 10-6-2020 . - GST Wrongly Paid - ITC - Query Started By: - Ethirajan Parthasarathy Dated ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... :- 28-9-2020 Goods and Services Tax - GST - Got 2 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanag ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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