https://www.taxtmi.com/forum/issue?id=119762 Suppliers must comply with GST invoicing and return disclosure; delaying invoice filing to await payment is not an acceptable method of managing non payment. Late disclosure generates interest liability for delayed tax, does not entitle the supplier to a refund if the buyer defaults, and does not alter the recipient's entitlement to input tax credit rules under Section 16(2)(d). Transactions without consideration are out of scope of supply under Section 7(1)(a) except as covered by Schedule I. Commercial risk should be managed by contractual clauses rather than by postponing GST filings. en-us Fri, 21 Mar 2025 22:09:26 +0530 Wed, 26 Mar 2025 08:42:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119762 Suppliers must comply with GST invoicing and return disclosure; delaying invoice filing to await payment is not an acceptable method of managing non payment. Late disclosure generates interest liability for delayed tax, does not entitle the supplier to a refund if the buyer defaults, and does not alter the recipient's entitlement to input tax credit rules under Section 16(2)(d). Transactions without consideration are out of scope of supply under Section 7(1)(a) except as covered by Schedule I. Commercial risk should be managed by contractual clauses rather than by postponing GST filings. Discussion-Forum GST Fri, 21 Mar 2025 22:09:26 +0530 https://www.taxtmi.com/forum/issue?id=119762