Section 77. Tax wrongfully collected and paid to
Central Government or State Government.-
(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.
