Rule 86B - payment missed

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..... Rule 86B - payment missed
Query (Issue) Started By: - UDHAYKUMAR KANDASAMY Dated:- 8-2-2025 Last Reply Date:- 8-2-2025 Goods and Services Tax - GST
Got 1 Reply
GST
Dear All, One of my cl .....

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..... ient has not paid 1% of Tax through Cash Ledger where he is liabile to pay through Cash ledger for the FY 2023-24. Tax amount is Rs.1.00 Lakh. His GSTR9 was filed without adhering to the rule. Now he .....

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..... wants to pay along with interest however he would like to know once he pays the above amount through Cash Ledger, whether equivalent amount of tax he is paying through cash ledger can be recredited to .....

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..... his Credit Ledger since the payment now he is about to pay will lead to double taxation? Please advice. Reply By KASTURI SETHI: The Reply: In this situation, for re-credit of ITC in Electronic Cre .....

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..... dit Ledger, there is no time bar limit. See Rule 37 (4). The tax payer cannot take re-credit on his own. He will have to apply for refund as re-credit under the category of "excess payment". .....

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Discussion Forum - Knowledge Sharing .....

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