Q838.

2018-19 DEMAND 5000
2019-20 DEMAND 5000

DRC-03 DEPOSITED IN 2019-20 FOR WHOLE AMOUNT OF 10000. WHAT CAN BE DONE NOW?
PLEASE HELP

Ans: Please write letter to department for that mistake, they should give relief to assessee

Q837. One Private Limited Company is having only NON GST Supply of Rs 450 Cr in financial Year 2022-2023. In Financial Year 2023-2024 company registered under GST due to some commission Income as taxable Income and Non GST Supply is more than Rs 500 Cr in F Y 2023-24 also. When E-invoice will be applicable on this Company ? Please clarify.

Ans: Yes, since total turnover includes taxable and exempted supply, the E Invoice provisions will be applicable

Q836. Is common input need to be reversed, if we have only Interest earned on Fixed Deposits as Exempt Income. Provide reference of section or rule also.

Ans: Interest income on fixed deposit will not be exempt supply for the purpose of Rule 42 and no need of reversal on that front. Please refer definitions of supply which excludes money from supply of goods and services