Refund of GST paid under RCM
This query is : Open
18 September 2020
GST was paid on reverse charge basis on long term lease of land from a Government agency. However, after payment of GST, the lease was cancelled. Can refund application be filed for the amount of GST paid under RCM earlier in this case? If so, what is the procedure.
18 September 2020
YES YOU CAN CLAIM THE REFUND OF EXCESS PAYMENT OF TAX UNDER SECTION 54.THE REFUND IS TO BE FILED ONLINE ON GST PORTAL.YOU HAVE SUBMIT ALL THE RELEVANT DOCUMENTS IN SUPPORT OF YOUR CLAIM LIKE CHALLAN FOR PAYMENT OF TAX,ORIGINAL LEASE,CANCELLATION OF DEED, LESSOR INVOICE FOR LEASE RENT ETC.
WAS THE LEASE RENT PAID IN ADVANCE? HAVE YOU RECEIVED THE REFUND OF LEASE PAYMENT?
WAS THE LEASE RENT PAID IN ADVANCE? HAVE YOU RECEIVED THE REFUND OF LEASE PAYMENT?
18 September 2020
Yes lease premium was paid in advance according the terms. I have not yet received the refund of lease premium.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Defective Return - Tds on advance
- Fixed Deposit Claim Relinquishment by the Nominee
- TCS ON SOFTWARE SALES
- Not a CA , can we prepare balance sheet
- Income Type for interest from government bonds
- TDS RATE ON RENT PAID TO NRI
- GSTR-9 HSN Summary and Credit Note without item
- I WANT CLEAR DETAIL AND HOW TO ENTRY IN TALLY
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Issue of gst e invoice
- Gstr 9 2023-24
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- GST RCM not shown in GSTR-3B
Trending Online Classes
CAclubindia
