Hello Collegues, Good Afternoon.
Please provide your valuable advice, hereby detailing the issue.
- In F.Y 2017-18 i have paid GST of Rs. INR 7,84,960/- under wrong GST head i.e IGST, and the same above mentioned i have filed the refund of excess amount in cash balance and i have been refunded in the same F.Y in the GST registered bank account.
Till here everything was okay.
Then at 12/12/2019 the same amount of Rs INR. 7,84,960 have been credited to my cash balance.
The query is what should i do for it.?
whether i have to file DRC-03 or something else, as the i have reveived double entry of which i have to reversed or pay back to Govt.
Please guide me in this regard.
4 Replies
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 16 February 2020
Contact your jurisdictional officer
Alpesh Suthar
(56 Points)
Replied 16 February 2020
There is penalty if you have been erroneously refunded as per section 122(2), penalty will be Higher of 10000 or 10% of tax in case of other than by way of misstatement.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 16 February 2020
No there is no Penalty , the taxpayer not claim any erroneous refund. It's GSTN mistake after giving refund from cash ledger again credit to same.
Hence need to contact to your jurisdiction tax officer & most probably need to furnish DRC 03
Hence need to contact to your jurisdiction tax officer & most probably need to furnish DRC 03
Venkatesh M
(4 Points)
Replied 17 February 2020
Yes you have to file immediately DRC-03 before departmental notice issuing to you.
Penalty will be applicable if notice served.
Penalty will be applicable if notice served.
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