Q. 565 A company purchases vehicle of Rs. 25 Lakh ( Rs 20lakh + Block GST credit of Rs. 5 Lakh aprox.). Now after one month such company “A” sold such vehicle to a tour operator (‘B’) of Rs. 23 Lakh including GST. Due to input block for A Company and tour operator (B) want take Input. MY QUESTION is, is there any possibility for minimum loss for Seller on selling price?

Ans. You can pay GST on the balance WDV value. 

Q. 564 I am a trader and want to purchase flat for using residential( some time office purpose), flat will be in the name of firm, can i take input?

Ans. No, you cannot take ITC.

Q. 563 We are running a NBFC. Whether GST applicable on Prepayment charges received by NBFC on Loan repayment by Customers?

Ans. No, GST is not applicable.