Rule 96A of CGST Rules, 2017, Goods and Services Tax - GST

[RaamSrinivasan Kalpathi]

We had raised an Engineering Services Invoice for our overseas client on 10-Oct-24 under LUT. On 23-Oct-24 the client cancelled the Order on account of design deficiency and we issued a Credit Note to the said client for an equal amount. Both the einvoice and credit note were reported in GSTR-1 in the same month. Will provisions of Rule 96A kick in? Do we still have to remit GST to the department with interest u/s.50 in Form DRC-03? Thanks

Posts / Replies

[Manoj Thakur]

No, if you have filed credit note in table 9B of GSTR1

[RaamSrinivasan Kalpathi]

I am delighted at the prompt reply.  Would the answer be the same in the following situations, viz.

Date of e-invoice - 01-Oct-23 and date of credit note 25-Oct-24

Date of e-invoice - 20-Nov-23 and date of credit note 15-Apr-24

Would like to comprehend the sanctity of Rule 96A(1)(b) (15 days from the end of one year) vs. Sec.34(2) deadline of 30th November.

Thanks in advance

[Ganeshan Kalyani]

Sir, credit note date in both the scenario is within the timeline prescribed u/s 34. Otherwise also tax was not paid on export since it being under LUT.

[Manoj Thakur]

Probably you're trying to choose between Rule 96A(1)(b) (15 days from the end of one year) vs. Sec.34(2) deadline of 30th November. Earlier one is the obvious choice.