Ques: We have received the SCN DRC-01 under Section 73 for the tax period FY 2020-21. As we are providing transport services under the forwarding charge mechanism, our taxable supply is ₹33,888,455, and the exempted supply is ₹16,494,079. The notice states that ITC should be reversed on non-business transactions and exempt supplies. The proportion of common ITC to be reversed is based on the extent of exempt supply. The department is asking us to reverse input credit of ₹2,107,390. Please guide us on how to handle this issue

Ans: As per Rule 42 of CGST the credit is available in the ratio of taxable divided by total supply. This rule is there for common credit and for credit directly related to taxable supply can be taken in full. Accordingly you need to check the calculations.

Ques: Can I Appoint an authorized signatory in GST Registration of a Proprietorship firm who can do Biometric Aadhar Authentication at Facilitation Center.

Ans: As per the FAQ of Goods and Services Tax both the Proprietor and Primary Authorized Signatory are required to go to designated GST Suvidha Kendra for Biometric Aadhaar Authentication. The relevant question is shown below:

Link: https://tutorial.gst.gov.in/userguide/registration/General.htm

Ques: Sir, I have a house property (apartment 1950 Sft in a gated community) in Chennai purchased in 2010 for Rs.70 Lacs as sole buyer with my own earnings. This property has not appreciated in value for variety of reasons since 2010 and there are many owners of similar size apartment in this community selling off their unit at Rs. 55 Lacs and moving on due to exigencies.
I am also contemplating on selling this property. The indexed value of the Property as per Indexation rules shall be roughly Rs.130 Lacs today. Suppose I sell this apartment today at Rs.55 Lacs today, will it translate to Long Term Capital LOSS (LTCL) of Rs.75 Lacs (Indexed Cost Rs.130 Lacs Less Selling Price Rs.55 lacs) ? Some of my friends are of the opinion that LTCG rules of Indexation is applied to GAINS only and NOT Loss – Is that correct??
I further have gains in Sale of Equities / MFs and would like to to set it off with this House Property LOSS. Is this allowed as per IT rules? Can LOSS be carried forward? 

Ans: Though we are not dealing in income tax matters but your friends are correct that loss will be 15 lakh only rather you suggested.