Tag Archives: #ClaimingRefund

Will GST recover after wrong or extra paid?

GST compliance for LLP

  GST Recovery Process   GST Recovery Process, If a wrong or extra payment has been made under the Goods and Services Tax (GST) system, it is possible to seek a refund or adjustment for the excess amount paid. Good and service Tax Recovery Process for obtaining a refund or correcting the payment may vary… Read More »

Can I claim ITC on the GST paid under the RCM?

GST Checklist excel

Input Tax Credit   However, it’s important to understand that not all goods and services are subject to RCM. GST is only applicable under the Reverse Charge Mechanism (RCM) in specific situations as specified by the government. For instance, RCM applies to services provided by a goods transport agency, legal services, services provided by an… Read More »