Solved Queries
Q799. If we transfer lease hold land to other company . Whether GST will attract or not
Ans: Not appicable
Q798. TRANS-1 ITC TAKEN IN AUGUST-2017 AND USE(UTILIZE) IN MARCH-2020. WRONG TRANS-1 ITC REVERT IN MAY-2020. NOW FOR WHICH PERIOD INTEREST CHARGE:
1) FROM MARCH-2020 TO MAY- 2020 (FOR 2 MONTHS)
OR
2) FROM AUGUST-2017 TO MAY-2020
Ans: in case ITC wrongly availed but not utilised then interest is not applicable. So after utilisation one will b liable to pay interest
Q797. whether notice issued u/s 73(1) for the year 2017-2018 dated 29/09/2023 is vaild or not ?
Ans: its valid
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