How do I get a refund from GST paid in wrong head?
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How do I get a refund from GST paid in wrong head?
It is now provided that the person claiming refund under Section 77 of any tax paid by him, in respect of a transaction considered by him to be an intra-state supply, which is subsequently held to be an inter-state supply, is required to file refund application in Form GST RFD-01 before the expiry of period of two …
How do you pay outstanding demand in GST?
How can I make payment towards outstanding demand appearing in Electronic Liability Register (Part-II) at the GST portal?
- Access the https://www.gst.gov.in/ URL.
- Login to the GST Portal with valid credentials.
- Click the Services > Ledgers > Payment towards Demand command.
- The Outstanding Demand page is displayed.
What is reverse charge mechanism in GST?
Generally, the supplier of goods or services is liable to pay GST. Reverse Charge means the liability to pay tax is on the recipient of supply of goods or services instead of the supplier of such goods or services in respect of notified categories of supply.
Do you still charge GST if you are not registered?
If you are not registered for GST, as you are under the $75,000 threshold, you do not have to charge GST. It is up to you whether you do or not.
What are the documents required for GST refund?
Documents Required for GST Refund Along with the invoice, a statement containing the number and date of shipping bills or bills of export and the number and the date of the relevant export invoices, in a case where the refund is on account of export of goods must also be provided.
What is demand and recovery?
If the assessee pays the tax on self-assessment correctly then there will not be any problem. If there is any short payment or wrong utilisation of input tax credit, then the GST authorities will initiate demand and recovery provisions against the assessee.
How do you calculate outstanding demand in GST?
In the GST Portal, the taxpayer has to enter the credentials. From the ‘Services’ tab, click on ‘Ledgers’ option and then select ‘Payment towards Demand’. The ‘Outstanding Demand’ page is displayed on the screen. The taxpayer can see all the Demand IDs for which the demand is outstanding.
How do you calculate reverse charge GST?
Example – A trader who is registered in GST takes services of Goods Transport Agency (GTA) for Rs. 10,000. This service is listed under the reverse charge list therefore trader has to pay tax @ 18\% on Rs. 10,000 on RCM.
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