Q. 313 Rule 37 with ref to Sec 16(2) prescribes ITC to be reversed for non payment to supplier within 180 days . Do ITC needs to be reversed compulsorily in GSTR 3B even if ITC not availed & lying unutilized in Electronic Credit Ledger ?

Ans. Yes, as per section 16(2) if payment is not made to the supplier within 180 days then ITC needs to be reversed in GSTR-3B.

Q. 312  Gst registered regular scheme dealer dealing in rice gst exempted goods.dealer purchase of rice transfort charges pay to lorry rs:20,000/-
Question: Dealer liable to pay gst in reverse charge for transport charges.

Ans. Service provided by the goods transportation agency by way of transportation in goods carriage of Rice is exempted under Notification 12, 2017 under heading 9965.

Q. 311 Is Insurance advisor liable for registration if his commission income is above the threshold limit of Rs 20,00,000/- or all the commission earned is taxable under RCM? and whether GST Registration arises for an individual who already has gst registration for retail sale and no gst registration for Insurance advisor work ? 

Ans. As per Notification No. 13/2017, the services provided by the insurance agent to any person carrying on insurance business is taxable under reverse charge. There is no requirement to take separate GST registration for the insurance advisor work.