Rule 96A of CGST Rules, 2017

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..... 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 .....

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..... 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 GSTR1 - Reply By RaamSrinivasan Kalpathi - The Reply = 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 no .....

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..... te 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, 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 = Prob .....

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..... ably 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. - Rule 96A of CGST Rules, 2017 - Query Started By: - RaamSrinivasan Kalpathi Dated:- 24-12-2024 Last Replied Date:- 25-12-2024 Goods and Services Tax - GST - Got 4 Replies - GST - Discussion Forum - Knowledge Sharing, reply post b .....

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..... y an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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