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TMI BlogRule 96A of CGST Rules, 2017X X X X Extracts X X X X X X X X Extracts X X X X ..... Rule 96A of CGST Rules, 2017 X X X X Extracts X X X X X X X X Extracts X X X X ..... lient for an equal amount. Both the e-invoice 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 Reply By Manoj Thakur: The Reply: No, if you have filed credit note in table 9B of GSTR-1 Reply By RaamSrinivasan Kalpathi: The Reply: I am delighted at the prom ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pt 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 Reply By Ganeshan Kalyani: The Reply: Sir, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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. Reply By Manoj Thakur: The Reply: 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. Reply By Shilpi Jain: The Reply: Once its a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n export under LUT, no requirement of payment of tax or interest, assuming no refund has been claimed. X X X X Extracts X X X X X X X X Extracts X X X X
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