Sir
One dealer had paid GST under RCM on GTA services.
The payment of GST was made under CGST & SGST, whereas the GTA services was interstate and liable for IGST. This has happened during the year 2019-20, which was found out now.
i think as per the Act, he has to pay the RCM under IGST and claim refund of CGST & SGST. No liability to pay interest.
Whether there is any way that the CGST & SGST paid instead of IGST can be adjusted or can the CGST & SGST paid can be adjusted to IGST since the transfer from electronic credit ledgers are allowed. Or can he pay IGST and adjust the CGST & SGST against future dues of the same.
As you have rightly pointed out the only option is that you deposit IGST and claim refund of CGST + SGST..Self Invoice also needs to freshly issued..
Team Clearmytax.in