Experts Query Daily Digest :03 January 2026

Consultant2b

03 January 2026 at 18:51

Posted On : 03 January 2026

Diff between "total amount paid" and "amount on which TDS to be deducted" in 26QB.

Hi,

Curious, what's the difference between these two fields on 26QB

1. Total amount paid/Credited currently
2. Amount on which TDS to be deducted.

My guess is that the first one would be inclusive of GST, while the second one would be without GST?
Also, when paying instalments would the "Total Stamp Duty Value of the Property" be left empty?

Nitin Khaire

03 January 2026 at 12:20

Posted On : 03 January 2026

Applicability of TDS on Payments to MSRTC for Bus Services

We have taken public transport services (minimum 70 buses) from MSRTC. MSRTC has told us not to deduct TDS from payments. Is it exempt from TDS? Please share applicable Circular/Notification. Is this correct?

Arati

03 January 2026 at 00:48

Posted On : 03 January 2026

80 IA deduction Power sector

In case of transmission of electricity whether deduction on the basis of ROE can be claimed as no separate books are maintained for asset addition during the year.

TARIQUE RIZVI

03 January 2026 at 15:17

Posted On : 03 January 2026

HSN CODE ISSUE

RESPECTED SIR

Sr. No. 4 HSN CODE 05040000 NOT REFLECTING NEITHER ON GST PORTAL NOR ON CUSTOM PORTAL WHAT TO DO IN SUCH A CASE,

WHAT TO DO IN SUCH A CASE

HSN CODE 05040000:
===============
INDIAN FROZEN BUFFALO OFFAL - GREEN TRIPE

Javed Memon

03 January 2026 at 18:37

Posted On : 03 January 2026

GST on Old Vehicle

A scrap dealer purchase used vehicles.
He purchased an old vehicle from a person where GST was paid under Reverse Charge Mechanism (RCM) on Full Purchase Value
Now the dealer intends to sell the same old vehicle.
Kindly clarify the following:
Whether GST is required to be charged on margin basis as per Rule 32(5) of CGST Rules, or
Whether GST is required to be charged on the full sale value of the vehicle?

backup 1989

03 January 2026 at 16:29

Posted On : 03 January 2026

Subject: Guidance Required on Reporting Missed FY 2024–25 B2B Supplies and E-Invoice Non-Issuance.

Dear Sir/Madam,
We seek your professional guidance on a GST compliance matter, the details of which are outlined below.

We had B2B supplies during FY 2024–25 which were not reported in the relevant GSTR-1 and GSTR-3B for the respective periods. Further, e-invoices were not issued at the time of supply, and the 30-day time limit for e-invoice reporting has since expired.

We now intend to declare these transactions and pay the applicable GST along with interest in the current returns (December-2025 GSTR-3B and GSTR-1). Due to the above constraints, we are considering reporting these transactions as B2C instead of B2B. We also propose to disclose the same in GSTR-9 (Table 10) for FY 2024–25. As B2C Supply.

In this context, we request your advice on the following:

1. What is the correct and legally compliant method to disclose these missed FY 2024–25 supplies at this stage?

2. Considering that the e-invoice was not issued and the prescribed time limit has lapsed, is it permissible to report these B2B supplies as B2C in the December GSTR-1 and GSTR-3B, or would this be regarded as misreporting under GST law?

3. What would be the recommended and safest approach to regularize this matter and minimize exposure to penalties, interest, or future litigation?

We would appreciate your guidance on the appropriate course of action.
Thanking you.

sakthees

03 January 2026 at 12:24

Posted On : 03 January 2026

EXPORT E-INVOICE

We have raised the Export Invoice for USD 88918.56 INR 89.55=Rs.7962657.02(E-Invoice) after that we came to know customs exchange rate changed to INR 89.10 (Rs.7922643.70) and shipping bill also generated the same. Once E-invoice generated can't be changed as per GST rules but the shipping bill filed in same sequence number.is there any issue to be arise in GST and Customs and DGFT?