we are a composition tax payer who are in to manufacturing. By mistake while filing quarterly returns our accountant used enter the turnover in 2% slab where as we should have paid only 1% in.
This happened for more than 6 to 7 quarters. How to claim this extra tax that we have wrongly paid.
3 Replies
CA SANDESH MAHIPAL
(Practicing in GST and MSME )
(1985 Points)
Replied 24 January 2020
As per my view, you can file refund application for excess tax paid.
Roshni
(Studwnt)
(1141 Points)
Replied 24 January 2020
You need to amend all the returns in current month.
Spurto Consultancy Services
(Consultant)
(1891 Points)
Replied 24 January 2020
The balance reflecting in the Electronic Credit Ledger(ECL) can be claimed as a refund by submitting a refund application. Form RFD-01 can be filed through the GSTN Portal. The said refund can be claimed within 2 years of the excess payment.
Whether in your case, the extra amount is reflecting in ECL or the same has been adjusted against the wrong liabilities shown in the GSTR 4 filed?
In case of GSTR 3B if the same has been wrong filed, then we can adjust the liability figure in the next month manually.
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