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Differential GST rate claimed by Vendor, Goods and Services Tax - GST |
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Differential GST rate claimed by Vendor |
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Hi Experts, One of my vendor has been charging me 12% GST for the last 2 years. And due to his assessment with GST authorities he got clarity that the item was supposed to fall under 18% GST rate. Now he is asking me to pay the 6% differential GST of the last 2 years. Am i liable to pay the same. If yes can i claim ITC in current year? Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
On which dates Annual Returns were filed for both years ?
As per Section 9 (1) of CGST Act, a registered person is required to collect GST from his buyer of goods or recipient of service and deposit the same with Govt. So you are required to pay the differential amount of tax to your vendor for further deposit into Govt. account. The recovery is within time limit. Page: 1 |
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