Question: 865:  I am an individual and I have a car. ITC can be claimed on services of such private vehicle and machinery. What will be effect if such vehicle and machinery would be in the name of proprietorship firm?

Ans: Vehicle credit will not be available. For machine it will be allowed if machine is in the name of firm.

Question: 864: Dear team, please resolve my query that I have taken input of IGST , equally in SGST & CGST while filing gst return for the f.y. 2018-19, now demand has been raised by the department, now in case what should I do, please suggest.

Ans: One has to pay CGST and SGST again without interest and claim refund of wrong tax paid earlier. First you should contest for auto ahldjustement and after rejection, your relevant date will be changed to current date so that refund don’t become time barred

Ques: 863:

Please share the notification on Penalty waive off on late GSTR-3B return filing
For FY 2018-19. please also mention that from which date it is effective and for what period are covers.

your early response is highly appreciated

Ans: Notification No. 76/2018 – Central Tax dated 31.12.2018,  the amount of late fee payable shall stand waived for the registered persons who failed to furnish the return in FORM GSTR-3B for the months of July, 2017 to September, 2018 by the due date but furnishes the said return between the period from 22nd December, 2018 to 31st March, 2019.