I have Paid Gst and filed Gstr 3b made offset liability,
but actually i dont have any liability to pay, is there any remedy
6 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 20 July 2018
Can You explain yourself for the query with details then you can get exact solution from our CCI experts.
Vinay Vallalatla
(134 Points)
Replied 20 July 2018
I have 2 Registrations,
Im this month 1 is Nill return another has Rs.1Lakh Gst.
but i have wrongly paid tax and filed return imstead of filing Nill return, what is remedy now
Im this month 1 is Nill return another has Rs.1Lakh Gst.
but i have wrongly paid tax and filed return imstead of filing Nill return, what is remedy now
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 20 July 2018
You have wrongly deposited the GST in firm where sale purchase is nil & & shown the sale therin & offset the same by GST deposited. if it is so then once the liability is offset by cash ledger the cash ledger balance become nil & you cannot take refund for the same , so the only way out is to show reversal of sale in your next return.
Vinay Vallalatla
(134 Points)
Replied 20 July 2018
how to reverse sale,?
if i reverse sale can i get refund?
if i reverse sale can i get refund?
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 21 July 2018
TO REVERSE SALE :
SALE A/C DR.
GST A/C DR
TO PARTY/CASH CR
NO YOU CANNOT TAKE REFUND
Recent Topics
- Clarity regarding Sec 16(4)
- GST ON HOTEL ROOMS details
- Relief for Delayed Filing of Tax Forms
- Expire stock
- INCOME TAX AY 25-26
- Experienced CA firm for accounting & auditing
- Regarding Perquisite Tax on ESOP - Unlisted Compan
- Casual Taxable Person under GST
- Extended Date of GSTR-1 for the month of July 2020
- NRO Interest - Taxed at source and in Foreign Coun
Related Threads
CAclubindia
