Q. 632 My client has purchased an Electrical Two Wheeler bike having single seat with two carriers having capacity of 25CC. The said bike does not require RTO Registration. It is going to be used as Delivery bike. Whether set off of this bike will be available to him?

Ans. If the vehicle is used for transportation of goods then ITC is available. 

Q. 631 GST applicability on freelancing ?

Ans. If aggregate turnover in a financial year exceeds Rs. 20 lacs, then freelancers need to register under GST and charge GST on their work. 

Q. 629 Please provide link related to Rules 38 ,42 and 43

Ans. Please find link below: https://taxo.online/rules-and-forms/rule-38-claim-of-credit-by-a-banking-company-or-a-financial-institution/ and https://taxo.online/rules-and-forms/rule-42-manner-of-determination-of-input-tax-credit-in-respect-of-inputs-or-input-services-and-reversal-thereof/ and https://taxo.online/rules-and-forms/rule-43-manner-of-determination-of-input-tax-credit-in-respect-of-capital-goods-and-reversal-thereof-in-certain-cases/