Solved Queries
Ques: How it so happened that in this budget 2025 presented except Customs duties, there is no mention of gat tax span rates. Etc.? Why?
Ans: They will soon be notified separately
Ques: With reference to my earlier query, Whether the Input of GST paid (RCM) on Long Term Lease Premium is available?
Whether the above premium is covered in Section 17(5) Blocked Credit
Ans: Generally, ITC is available on GST paid under RCM for services used in business. However, its availability on long-term lease premiums depends on the nature of the lease and its purpose.
Ques: Due to clerical mistake at the time of filling TRAN-1 the amount was shown in the CGST instead of IGST . liability under section 74(5) may not be justified.
Ans: There are many decision which says that on procedural issue credit can not be denied. Pls use those judgement and argue your case
Caution: The above opinion is framed based on the limited information available and merely a personal opinion. We will not be responsible for any damage or loss in whatever manner consequent to any action taken on the basis of any content of this opinion. We suggest you take a detailed opinion for better clarity based on extensive information and research thereof.
