Demands_And_Recovery
Section 69 : Tax collected but not deposited with the Central or a State Government – Demands And Recovery
June 10, 2017
Transitional_Provisions
Section 166 : Migration of existing taxpayers to GST – Transitional Provisions
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.

Leave a Reply

Your email address will not be published. Required fields are marked *

37 + = 40

Stay Connected

Never miss out on what’s new in GST,
Accounting, TDS, and Tax compliance.

Subscribe to our newsletter.

Connect with us on WhatsAapp.






Want to know more about HostBooks?

We'll help you out!






1 + 3 =
Please contact me by: