Section 12 of UTGST Act on wrong collection of GST paid to Central Govt or UT
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The below post explains about Tax wrongfully collected and paid to Central Government or Union territory Government under section 12 of UTGST Act,2017.
Section 12 of UTGST Act, 2017 explains Tax wrongfully collected and paid to Central Government or Union territory Government as below: (The amendments if any will also be updated here soon).
The extract of Section 12 of UTGST Act,2017 quoted below:
12. (1) A registered person who has paid 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 the central tax and the Union
territory tax payable.
The above information clarifies about Tax wrongfully collected and paid to Central Government or Union territory Government under section 12 of UTGST Act,2017.
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