I have a query regarding an invoice that was raised and filed under the wrong GSTIN.

Company A has two subsidiary companies, for example, XYZ Ltd. and XIZ Ltd, each having a separate GSTIN. An invoice was raised in March 2026 for XYZ Ltd., whereas it was actually meant for XIZ Ltd. The invoice has already been filed under XYZ Ltd.’s GSTIN.

As per our CA, a credit note cannot be raised against the March 2026 invoice for this particular reason.

Could you please advise what would be the correct way to rectify this situation? What options are available to cancel/correct the wrongly reported invoice and ensure that the invoice is correctly reflected under the GSTIN of XIZ Ltd.?

Here are the details of invoices
Inv 1/2/3 = 17, 29, 28k each

I am Bank Employee; Recently I have filled my ITR-1 for AY-2026-27. In My Form 16B, there are
1. Salary Income of Rs.20,62,400/-
2. Value of Perquisites Rs. 2,84,621/- and
3. Other Income -****(Interest on SB and Fds). The Total Value of Perquisite Rs. 2,84,621/- Includes as per Form 12BA (Nature of Perquisites)-Car/Other Automative, (37,430) News Paper, (5400) Entertainment, (7656) Misc Perks (15000) (All Total Rs.65486/-).
Remaining Value of Perquisite (2,19,135/_) include
1. Interest Free or Concessional Loans- Tax Borne by Employee-(Rs.29,701/-)
2. Interest Free or Concessional Loans- Tax Borne by Employer-(Rs.150,479/-).
3.Perquisite Tax along with Grossing Borne by Bank (Rs. 68656/-)
4. Details of Tax Paid -Tax Deducted from Salary Sec 192(1)-205381/-
Tax By Employer on behalf of Employee Sec 192(1A)-68664/-
Foot Notes 1. Tax- amount on Non-Monetary Perquisites i.e. housing & furniture (Accommodation) calculated on the basis of Average rate of tax is 18043.00 which is exempted under Section 10(10CC) of IT Act 1961. The same has been incorporated in Part B (Annexure) of Form-16 under sub head "Other Exemptions" of Sr No 2(f).
I have filled my return by Adding Value of Perquisite Rs.2,84,621/- in Salary Schedule. Some of my colleague claim exemption under sec 10CC for (Interest Free or Concessional Loans). I have query whether I can filled Revised Return to claim exemption under 10CC of which amt IFCL-(1,50,479/-+Value of Perquisite Tax along with grossing borne by Bank (Rs.68656/-) or Tax Paid on Non-Monetary Perquisite paid exempt under 10CC and shown in form 16B Other Exemption Rs. 18043/-. Please advise which of these Value of Perquisite I Can Claim Exemption under Sec 10.

Dear Experts,

An individual is already registered under GST for a manufacturing business. Now he wants to start retail business in different GSTIN under same PAN. Is that possible?

Also 1st GSTIN was applied before introduction of 14A in GST (small tax payers). Can he apply under 14A 2nd GSTIN if 1st was under regular process of application without 14A?

Pls advice

Regards,

Sir/Mam,

GST notices issued on Sept 2025 Order passed October 2025 Ineligible ITC Reversed in Annual return through DRC 03 at the time of filing annual returns and Gst department issued notice regarding this, Unaware of this notices we are not replied for this notices, demand raised for Ineligible ITC reversed and account freezed.

When we asked department regarding this we are unaware of notices, they said go to court and deal this.

Can we deal this through gst portal

What is the procedure to deal this ?

Thanking you,

I had purchased an under construction property jointly with my wife in 2021 and which will be fully financed by me. I have paid the TDS on the booking amount paid to the builder in 2021 and subsequent instalment in 2022. Both tds were filed with my pan. Now in Form 141 for third instalment I see option to put share for each buyer and last tds receipt details. How should I fill it for my wife, since earlier two TDS were completely paid by me. Please guide.

Also should it be paid 50-50 in this case or can I put myself as 100% share in form 141 and submit

Dear Experts & Members,

I am seeking your technical insights on a client tax computation for FY 2025-26 (AY 2026-27) involving a mid-year job switch and a let-out property.

Here is the anonymous summary of the facts:
Client Summary & Income Details:

Employer 1 (Resigned Mid-Year): Gross Salary ₹11,24,960 (Includes Leave Encashment ₹1,10,180 exempt u/s 10(10AA) & HRA ₹2,02,958). TDS Deducted: ₹1,24,817.

Employer 2 (Joined Mid-Year): Gross Salary ₹27,15,326. TDS Deducted: ₹3,86,983.

House Property (Let-out): Gross Rent Received ₹96,000. Interest Paid on ICICI Home Loan u/s 24(b) ₹8,56,044. Net Loss: ₹7,88,844.

Chapter VI-A Inputs: Sec 80C Principal ₹1,55,230, Sec 80D Self/Spouse ₹25,000, Sec 80D Senior Citizen Parents ₹47,000, Bank Savings Interest ₹3,438, STCG on MF ₹2,406.

Residential City: Pune (Non-Metro).

Current Tax Working & Issue:

New Tax Regime:

Taxable Income: ₹36,60,950 (Gross Salary ₹38.40L less ₹1.10L Leave Encashment, ₹75k Std. Deduction, plus ₹5.8k Other Income).

Note: Home loan loss is capped at ₹0 against salary income under the New Regime (only offsets rental income down to zero).

Total Tax Payable (incl. Cess): ₹7,05,416

TDS Already Paid: ₹5,11,800

Net Outstanding Payable: ₹1,93,616

Old Tax Regime:

Taxable Income (after ₹2L House Property Loss set-off + ₹2.25L VI-A deductions): ₹32,60,510.

Total Tax Payable: ₹8,22,279 (Higher by ~₹1.16 Lakhs compared to New Regime).

Queries for Members:

Minimizing Net Liability: Is there any legitimate tax-saving angle, exemption, or reporting mechanism under the New/Old Regime that we might be missing to bridge this ₹1.93L tax gap?

HRA Optimization (Old Regime): Since she was living in rented accommodation in Pune during her tenure at the first employer, if rent receipts/agreements are introduced now, would the Old Regime become competitive against the New Regime? What threshold of HRA exemption would be required to break even with the New Regime savings?

House Property Loss Strategy: Is opting for the New Regime to save ₹1.16L immediately better than taking the Old Regime to carry forward the remaining ₹5.88L unabsorbed house property loss for future years?

Looking forward to your valuable opinions and suggestions.

Thanks & Regards,

Fellow Professional / Member

Builder has deducted TDS u/s 194IC from Rent paid on relocation. The building is under redevelopment
This rent comes under hardship compensation and not chargeable to tax. However there is no specific section u/s 10 to claim this rent as exempt income.
How to show this amount in ITR and claim credit for TDS ?

Hi,
I want to specifically file the Indian income tax return under UK-India DTAA. Unfortunately the Indian income tax portal is computing the tax as zero on income chargeable under DTAA. Form 10F was submitted earlier with TRC attached.
1) Are we supposed to be computing the tax and manually update in Schedule SI, Row 40 (Other source income chargeable under DTAA rates) ?
2) If we have to manually update, what is the correct process of computing the tax under UK-India DTAA? Say Dividend is 3 lakhs and Interest is 14 lakhs. Do we compute tax as (10% of Div 3 lakhs and 15% on Int 14 lakhs ?) OR use progressive slabs on total income of 17 lakhs with a cap on maximum tax rate 15% (till 4 lakhs zero, 5% on 4-8 lakhs, 10% on 8-12 lakhs, 15% on 12-16 lakhs, 15% capped on 20% tax rate (16-17 lakhs))
3) As per UK-India DTAA treaty, the tax on interest is 15%. Is cess of 4% payable on the 15% tax on interest?

Assessee sold flat for 1 cr which was jointly held with wife. Consideration was received Rs.50L each in both accounts. However the purchaser has shown tds payment of Rs.1L in Husband PAN and is reflected in his Form 26AS.
AIS of both shows sale of immoveable property at Rs.1 Cr each instead of Rs.50L each
My question is how to show capital gains in their individual return of income so that TDS is claimed in full and also there is no query from Income Tax Department

we have received the purchase order from one company M/s. XXX Ltd for USD 22000.In this proforma we received the payment for USD 10000 in ADVANCE from the name of INDIVIDUAL. Now we know what the documents are yet to be ready for before making shipments. When I ask the Bankers, they clearly mentioned in Invoice, company name and remitter details relationship of the company, Bill of lading, shipping bill also. In this scenario if any further documents required from the customer for these issues.

The following replies received from ChatGPT. Please share someone faces on the same issues in your experiences.

We have received a purchase order from M/s. XXX Ltd. for USD 22,000. Against this proforma invoice, we have received an advance payment of USD 10,000. However, the remittance was received from an individual instead of M/s. XXX Ltd.
We approached our bank for guidance, and they advised that the following documents should clearly mention the buyer's company name and the relationship between the remitter and the buyer:
• Commercial Invoice
• Bill of Lading
• Shipping Bill
• A declaration explaining the relationship between the remitter (individual) and M/s. XXX Ltd.
In this situation, could you please advise whether any additional documents should be obtained from the customer before we proceed with the shipment? For example, would it be advisable to obtain:
• A letter from M/s. XXX Ltd. confirming that the advance payment made by the individual was on their behalf.
• A declaration or authorization from the individual confirming the payment was made on behalf of M/s. XXX Ltd.
• Any other supporting documents required for banking or export compliance.
Kindly advise the complete documentation required to avoid any issues during export documentation, bank negotiation, or realization of export proceeds.


Here are the documents you should obtain before shipment:
1. Authorization Letter from M/s. XXX Ltd.
o Stating that they have authorized Mr./Ms. [Individual's Name] to remit the advance payment on their behalf.
o Mention the Purchase Order number, invoice number, and the amount remitted (USD 10,000).
2. Declaration from the Individual (Remitter)
o Confirming that the payment was made on behalf of M/s. XXX Ltd.
o Mention the reason for making the payment and the relationship with the company (e.g., Director, Owner, Employee, Shareholder, Agent, or Representative).
3. Proof of Relationship (if applicable)
o Business card, company ID, board resolution, agency agreement, or any other document showing the individual's connection with M/s. XXX Ltd.
4. Commercial Invoice
o Buyer: M/s. XXX Ltd.
o Include a remark such as:
"Advance payment of USD 10,000 received from Mr./Ms. [Name] on behalf of M/s. XXX Ltd. as per the buyer's authorization letter."
5. Packing List
6. Bill of Lading / Air Waybill
o Consignee should be M/s. XXX Ltd. (or as agreed in the contract).
7. Shipping Bill
o Buyer/export details should match the invoice.
8. Purchase Order
o Copy of the original PO from M/s. XXX Ltd.
9. Bank Payment Advice / SWIFT Copy
o Showing the remitter's name and payment details.
10. Any declaration required by your bank
o Some banks provide a specific format for third-party remittance declarations. Check whether your bank requires its own format.