I have wrongly imputed in itc table ITC OF IGST IN SGST, SGST ITC IN CGST, CGST ITC IN CESS, ND I HAVE PAID CHALLAN in which i have imputed on right column i need urgent reply will it be refundable or it will stand in credit ledger
It will stand in credit ledger. Unfortunately their is no provision of refund of tax paid other than in case of export or where input tax rate is higher than output tax rate.
As per law you will not get refund, however if government gives a chance because of initial confusion faced by tax payers, it can be revised!!!
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