Q. 324 One of my clients took tran 1 credit in gstr 3b of march month in 2019 and utilised it and now govt opened the portal to file it and now the department is demanding interest on that utilised credit but that credit was our vested right why we will pay interest on our credit which was already lying with the govt.

Ans. Transactional credit cannot be claimed in FORM GSTR-3B. Registered person who is eligible to take credit shall declare in Tran-1 form. If you have claimed ITC in GSTr-3b then the department is right in demanding Interest.

Q. 323 As per new amendment online platforms like zomato,swiggy need to deduct 5% gst and no tcs.Whether the same turnover has to be declared by the assessee in his gst?

Ans. The registered person who is making supply through E-commerce is required require to report such supplies in Table 3.1.1.ii in Gstr-3b.

Q. 322 A registered dealer opt composition scheme under gst act trading of home appliances and vegitable items sales Question. Dealer composite tax pay on home appliances only or home appliances and vegetable items both items tax applicable for composite dealer.

Ans. As per Notification No. 1/2018 of Central tax, composition dealer has to pay tax on taxable supplies only in case of trader.