Q. 239 Tax payer is in business to purchase digital access code from online gaming company and sell to end customer. Digital codes are made by online gaming company itself. The taxpayer is only purchasing from them and selling to end customer (that is their only role). This digital codes are used to play games etc on gaming company portal. My Query is

1. Will it be classified as service or Goods

2. Which HSN Code or SAC Code will be applicable.

Ans. As per our Opinion, Supply of Digital Access Code is qualified to be supply of service. Digital Access Code falls under the group of SAC-99843 which pertains to on-line content Services having SAC- 998439.

Q. 238 Vehcile Insurance has paid which is the name of company name using by md for business purpose shall we avail ITC. Pl clarify?

Ans. We cannot claim ITC on Vehicle Insurance as mentioned in Section 17(5) of CGST Act.

Q. 237 We are a NBFC-MFI. Is e-invoicing applicable to NBFC-MFI. (Our Revenue is more than 20 crore).

Ans. E-Invoicing is not applicable on Banking Companies including NBFC vide Notification No. 13/2020, so there is no requirement to issue E-invoice.