Disclosure record · C1 Corpus frozen 2026-08-19 · Tax year FY 2026-27

Payment received 16 June 2026, 11:20 IST

85,000 INR · Invoice 2026-101 · Counterparty declared as Meridian Analytics Pvt Ltd

What is missing

Checked before anything else was worked out. Nothing below can be assumed.

Recipient of service located outside IndiaThe recipient location is given as India, and there is no information indicating the recipient is located outside India. Not obtainable. Blocks: income_tax, gst, fema, valuation.

What it was worth in rupees

This receipt has no valuation dispute. One figure, directly determinable, shown as such rather than forced into a range.

invoice value, INR to INR -- no conversion₹85,000invoice + NEFT bank credit, both stated in INR directly

What this triggers

Each conclusion carries the provision it rests on, and how settled that provision is.

income tax on receiptSettled

The receipt is classified as income from the transfer of a virtual digital asset, taxed at 30% under s.115BBH. The value is determined on the date of credit (2026-06-16) using the open market value method. TDS is applicable at 1% as per s.393(1) [Table: Sl. No. 8(vi)]. No penalty applies if the explanation is bona fide and all material facts are disclosed under s.439(8). Section 115BBH, Income-tax Act, 1961 — carried into the Income-tax Act, 2025

gst exportInsufficient evidence

This supply does not meet the conditions for an export of services. Section 2(6), Integrated Goods and Services Tax Act, 2017

What we checked

13 provision(s) actually checked for this record (2 cited above, 11 checked and correctly not relied on), corpus frozen 2026-08-19

Section 50, CGST Act 20172026-08-19
Section 74A, CGST Act 20172026-08-19
Section 2(6), Integrated Goods and Services Tax Act, 2017 — cited above2026-08-19
Section 115BBH, Income-tax Act, 1961 — carried into the Income-tax Act, 2025 — cited above2026-08-19
Section 2(47A), Income-tax Act, 1961 — carried into the Income-tax Act, 20252026-08-19
Section 393(1), Table Sl. No. 8(vi), Income-tax Act, 20252026-08-19
Section 439(8), Income-tax Act, 20252026-08-19
Rule 243(8)(e), Income-tax Rules, 20262026-08-19
Rule 206, Income-tax Rules, 20262026-08-19
Rule 207, Income-tax Rules, 20262026-08-19
Rule 247, Income-tax Rules, 20262026-08-19
Rule 56, Income-tax Rules, 20262026-08-19
Rule 57, Income-tax Rules, 20262026-08-19

Not checked: state levies, treaty relief, anything outside Indian law. Where we say no rule was found, we mean within this scope.

What we tried to break

Node 5 (adversarial) was not run for this record. Nothing below was attacked, and nothing here should be read as having survived scrutiny.

What this is not

This is not tax advice, and it does not make anything compliant. It records what was known at the time and what was not.

The specific valuation method for virtual digital assets is not explicitly provided in the rules, leading to reliance on the open market value method as a general fallback.

The place of supply and the relationship between the supplier and recipient are unknown, which affects the determination of the export status.

Where the law prescribes no method, we do not invent one. That is the whole point.