1-Year Invoice Rule
Ensure payment within 1 year to maintain export status
overview
What is this hack?
Ensure clients pay within 1 year of invoice date to maintain export status, otherwise transaction becomes domestic supply attracting GST retroactively
- Potential savings: Avoid 18% GST
- Implementation time: Ongoing
- Legal status: fully legal
- Risk level: medium
This hack has a medium risk level. While it's completely legal, proper implementation requires careful attention to compliance requirements. Consider consulting a CA for personalized guidance.
related topics
Related Calculators
GST Export of Services Calculator
Calculate GST liability for export services with zero-rated exports under LUT and ITC refund eligibility
open →CALCULATORGST Calculator
Calculate GST amount for goods and services with reverse calculation
open →CALCULATORSection 44ADA Presumptive Taxation
Calculate presumptive income for professionals with 50% deemed profit and single advance tax payment benefit
open →Related Articles
Freelancer Invoice Essentials: Format, GST Rules & Best Practices
How to create professional invoices with all required details
open →GUIDEGST Export Services: LUT Filing Guide for Zero-Rated Supplies
Complete guide to filing LUT (RFD-11) for exporting services without IGST
open →GUIDEFreelancer Tax Guide 2024: GST, LUT, and Section 44ADA Explained
Master freelancer taxation with this comprehensive guide to save lakhs
open →related tax hacks
Need help implementing this hack?
Get expert guidance from CA Ashama Rajawat on implementing this strategy correctly for your specific situation.