Q775. Can ITC Available be on the Lift installed in office premises?

Ans: No it will not be allowed vide Section 17(5) of CGST Act 2017

Q774. Is GST applicable in case of advance for services is paid to a foreign party?

Scenario:- There is a foreign party “X”, providing services in India, liable for RCM to be paid by the recipient. If the advance is to be paid for this transaction, whether GST is applicable on RCM basis for the advance paid or not? and what are the GST implications and treatments.

Ans: Yes, it is taxable as import of sevices if the same is taxable

Q773. 1) Whether GST is leviable on sale of license which is given to exporter in the form of duty credit scrip under RoSCTL scheme? 2) Whether GST is leviable on supply of electricity generated by windmill energy?

Ans:  Selling of scrip is outside the ambit of GST and not treated as exmpted supply as well. GST is not leviable on supply of electricity if registered as pruducer of electricity