Q. 502 My query is Can GST Input be taken on the construction of building which is exclusively for the purpose of warehouse and that building will be let out and Gst will be charged on the Rental Billing. Please suggest with any Case law or with Supporting Section ?

Ans. As per section 17(5) (c) and (d ), the ITC will be blocked on the inputs used for the construction of warehouse. However, in the matter of Safari Retreats pvt. Ltd, ITC would be available for the construction of an immovable property thereby used for the purpose of rent. The above matter is a very subjective matter of litigation. You are advised to take a detailed opinion.

Q. 501 We supplied the goods on 17-12-2022 to a customer with E-way bill and E-invoice from one state to the other state under IGST as per the declared customer’s GSTIN. Now the customer accepted the goods but he wanted the other GSTIN to be mentioned the E-invoice, system Tax invoice, and e-way bill instead of the earlier GSTIN. so what should be the solution to this issue. Please suggest. 

Ans. If there is a mistake, incorrect or wrong entry in the e-way bill, then it cannot be edited or corrected. Only option is to cancel the e-way bill and generate a new one with correct details. 

Q. 500 997112 shows as SAC code for deposit services please clarify that it for interest on loans and advances also ?

Ans. The SAC entry 997112 is as follows:- Services by way of- (a) extending deposits, loans or advances in so far as the consideration is represented by way of interest or discount (other than interest involved in credit card services); (b) inter se sale and purchase of foreign currency amongst banks or authorised dealers of foreign exchange or amongst banks and such dealers.