IF TURNOVER FOR CURRENT FINANCIAL YEAR EXCEEDS RS. 5 CR THEN WHETHER THE E INVOICE SHALL BE APPLICABLE FROM CURRENT FINANCIAL YEAR IMMIDIATELY OR SHALL BE APPLICABLE FROM NEXT FINANCIAL YEAR?

We have sold material to exporter of goods by charging GST @ 0.10%, our procurement of goods was at regular rates, can we claim refund of GST as we sold goods by charging GST @ 0.10% while we procured the same goods by paying GST @ 12%??
If Anwer is yes then what documents will be required ??

I need a declaration u/s.13(3) format for renewal of registration U/s.12AA of the IT Act, 1961

Sales invoice raised in july 2025 and issued to customer. Value of Invoice is 18,70,300/- (15,85,000/- (basic)+2,85,300/- (GST)) but due to delay in payment by customer we have not shown this invoice in GSTR-1 of July 2025.

In august basic payment received from customer i.e 15,85,000/- and he hold GST Payment.
Due to make our GST Compliance accurate we cancelled this invoice and reissued a new invoice in august 2025 and shown in GSTR-1 of august 2025.

When we take follow up from customer to release balance gst payment, he raised a query that there is mismatch as invoice shared by you (july 2025 invoice) and the invoice (august 2025) shown in GST Portal. Then we reply him that due to our internal error we unable to file july 2025 invoice in GSTR-1 of July 2025. Kindly consider the august 2025 invoice and release our GST Payment.

Customer reply us that he already booked the july 2025 in his system and partial payment has been released against this invoice, therefore we cannot accept the august 2025 invoice.

So he wants the july 2025 invoice in GST Portal only then he will release our balance payment
We trying to convince him but he does not agree. Now my questions are-
1. Is it possible if we show july 2025 in october 2025 GSTR-1 and we will make credit note against august invoice in october 2025 and mention in return so that balance will be nil in GSTR-1 october.?
2.If yes, will we have to pay interest also and how to calculate that interest?.
3.If we only show july 2025 in october 2025 GSTR-1 and not pay interest and file october GSTR-1
then what will happen?

Respected Sir

F & O Transactions


Option T/O- 28 Lakh
Total Sales- 2.74 Crore
Total Purchase- 2.80 Crore
Total Charges- 1 Lakh

So., Total Loss - 7 Lakh

To Claim loss of 7 Lakh For the A.Y. 2025-26
How to Show this entries in P&L

1. Show Sales and Purchases and expenses
or
2. Without Showing Purchase and Sales , Directly Show Loss From F & O Transactions- 6 Lakh
and Other Charges - 1 Lakh

Hi Everyone,

We are facing an issue related to Inverted Tax Structure under GST, and I wanted to get your views and experiences on this:

1. In case of Inverted Tax Structure, we are losing ITC on the service portion since the refund formula allows refund only on input goods, not on input services. This unutilized ITC just sits in the Electronic Credit Ledger (ECL) & accumulates and practically doesn’t benefit the organization in any way.

2. I wanted to understand which industries are facing this issue and how they are strategically handling it

3. If anyone has faced and overcome this issue earlier, it would be great to connect and discuss the strategic moves adopted — it might help our organization handle this situation more effectively.

CLIENT HAS THEIR REGISTERED OFFICE IN MAHARASHTRA, WHERE ALL ADMINISTRATIVE AND MANAGEMENT DECISION ARE TAKEN. BOOKS OF ACCOUNTS ARE ALSO MAINTAIN IN MAHARASHTRA.

THE CLIENT'S FACTORY IS LOCATED IN GUJARAT, FROM WHERE ALL SALES ACTIVITIES ARE INITIATED.

CA PERFORMING AUDIT SERVICES AND PROVIDING CONSULTANCY SERVICE TO THE CLIENT FROM MUMBAI AND CA ARE PROVIDE MONTHLY RETAINERSHIP SERVICE TO THE CLIENT AND INTEND TO RAISE A GST INVOICE FOR PROFESSIONAL FEES.

KINDLY GUIDE WHETHER THE INVOICE SHOULD BE RAISED ON THE CLIENT'S REGISTERED OFFICE IN MAHARASHTRA OR ON THE FACTORY IN GUJARAT OR ON CLIENT INPUT SERVICE DISTRIBUTOR NUMBER FOR THE GST COMPLIANCE PURPOSES.

Hii!!
My factory is register in Gujarat from where sale is made and purchase done . books of account maintain in mumbai. Tax audit is applicable. Place of supply for the audit services is Gujarat or maharastra.

I am providing recycling services of metal scrap.
So which sac code should be mentioned 9988 or 998941??.
Basically, company send metal scrap to me. After recycling of that scrap, i send back to the same company.

"Subject: GST Liability on Unfulfilled Supply and Converted Loan



I had given ₹18 lakhs to a GST-registered supplier for goods supply, but they failed to deliver the goods. Instead, they returned ₹6 lakhs and converted the remaining amount into a short-term loan. Since the supplier didn't fulfill the original supply agreement, I'm concerned about the GST implications.

Please clarify:
1. Is the supplier liable to pay GST on the original supply amount?
2. Does the conversion of the remaining amount into a loan affect the GST liability?
3. As a recipient, do I need to reverse any Input Tax Credit (ITC) claimed earlier?