Q832. Dear Sir
Table 8 of GST R9. TABLE 8A IS SHOWING Rs.10 lacs IGST Input. Table 8B is showing Rs.11 lacs IGST Input. Table 8D is showing -1 lac igst. Apart from reversal of IGST of Rs. 1 lac through DRC is there any other option available. Whether my understanding of IGST reversal through drc 3 is correct. your immediate reply is highly appreciated

Ans: It is advisable to reconcile ITC availed in GSTR-3B vs ITC appearing in GSTR-09 Table 8A on invoice level. Decision to reverse or not will depend on reason for difference.

Q831. the company has leased out its commercial proporty to A Ltd under an agreement and A ltd further rented it out to B ltd. When A ltd stopped paying rent to us, we moved to court and on the order of the court, B ltd directly paid a lumpsum amount to us for the rents due on A ltd. and agreed to pay the monthly rental to us directly now onwards. The query is that what should be the treatment of this lumpsum amount received and the monthly rental amount to be received in the future. We do not have any agreement with B ltd as on date as the orignal agreement was with A ltd only. Thanks

Ans: Lump sum amount received in lieu of lost rent will be taxable under GST

Q830. Hello Sir,
My client declare damgaed goods around 1.35Cr which conducting Search at his premises, later on my client has sold the goods at 50% of cost price…whether 50% of Input tax shall be allowed or not?
if yes please provide the case law/section through which we can explain our matter to AO.
Thank you

Ans: Lump sum amount received in lieu of lost rent will be taxable under GST