Refund of TDS/TCS deposited in excess

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..... the CGST Act is required to be paid while discharging the liability in FORM GSTR 7 or FORM GSTR 8 , as the case may be, by the deductor or the collector, as the case may be. [ Para 55 ] It has been reported that, there are instances where taxes so deducted or collected is deposited under the wrong head (e.g. an amount deducted as Central tax is deposited as Integrated tax/State tax), t .....

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..... der the category refund of excess balance in the electronic cash ledger . [ Para 56 ] Whether refund of TDS/TCS deposited in electronic cash ledger under the provisions of section 51 / 52 of the CGST Act can be refunded as excess balance in cash ledger [ Circular No. 166/22/2021-GST dated 17th Nov, 2021 ] The amount deducted/collected as TDS/TCS by TDS/ TCS deductors under th .....

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..... les made thereunder, can be refunded to the registered person as excess balance in electronic cash ledger in accordance with the proviso to sub-section (1) of section 54 , read with sub-section (6) of section 49 of CGST Act. - Manuals - Ready reckoner - Law and practice - Reference Guide - Quick Commentary Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com .....

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