Section 77 of CGST Act 2017: Tax Wrongfully Collected and paid to Central/ State Government

Section 77 : “Tax Wrongfully Collected and paid to Central/ State Government” (CGST Act, 2017)

Provisions under Section 77 of the Central Goods and Services Tax (CGST) Act, 2017 relating to “Tax Wrongfully Collected and paid to Central Government or State Government”, are as under:

(1) A registered person who has paid the Central tax and State tax or, as the case may be, the Central tax and the Union territory tax on a transaction considered by him to be an intra-State supply, but which is subsequently held to be an inter-State supply, shall be refunded the amount of taxes so paid in such manner and subject to such conditions as may be prescribed.

(2) A registered person who has paid integrated tax on a transaction considered by him to be an inter-State supply, but which is subsequently held to be an intra-State supply, shall not be required to pay any interest on the amount of central tax and State tax or, as the case may be, the Central tax and the Union territory tax payable.

Related Posts:

Appointed Date (1 July 2017) for Applicability of Certain Sections: CGST Notification No. 9/2017

Central Goods and Services Tax (CGST) Act, 2017 (Chapter-wise/ Section-wise)

Leave a Reply