Settlement-Commission
Settlement Commission
June 10, 2017
Inspection,-Search,-Seizure-and-Arrest
Inspection, Search, Seizure and Arrest
June 10, 2017

Section 70 : Tax wrongfully collected and deposited with the Central or a State Government – Demands And Recovery

Demands_And_Recovery

Tax wrongfully collected and deposited with the Central or a State Government – Demands And Recovery

(1) A taxable person who has paid CGST/SGST (in SGST Act) on a transaction considered by him to be an intra-state supply, but which is subsequently held to be an inter-state supply shall be granted refund of the amount of CGST /SGST (in SGST Act) so paid in such manner and subject to such conditions as may be prescribed.

(2) A taxable person who has paid IGST on a transaction considered by him to be an inter-state supply, but which is subsequently held to be an intra-state supply, shall not be required to pay any interest on the amount of CGST/SGST payable.

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