Q787. Hello Experts, Mr.X running business in Chennai and he operating additional branch office in Gujarat. Mr.X purchased machinery from Bangalore with his GST. He prepared invoice Bill to chennai GST details and shipped to Gujarat Details. Now he planned to return back machinery from Gujarat to Chennai . Machinery accounted & ITC utilized in Chennai books only. What are the documents are required to move machinery from Gujarat to Chennai. If its should raise E-Way bill with Delivery Challan.

Ans: same as above

Q786. Mr.X running business in Chennai and he operating additional branch office in Gujarat. Mr.X purchased machinery from Bangalore with his GST. He prepared invoice Bill to chennai GST details and shipped to Gujarat Details. Now he planned to return back machinery from Gujarat to Chennai Machinery accounted & ITC utilized in Chennai books only. What are the documents are required to move machinery from Gujarat to Chennai. If no need to raise Invoice, In E-Way we can select as Branch transfer or any other option. please confirm.

Ans: In case of capital goods to provide output srrvices, assessee is free to transfer using e way bill from gujrat to chennai.

Q785. A registered gst registered dealer trading transaction for taxable goods 5 precentage and exempted goods purchase and sale both types of transactions.but gst department notice issued itc to be reverse on non business transaction & exempted supplies sec 17(1)(2) under rule 42 and 43.
Question: Dealer taxable and exempted goods transactions separate account dealing and show in gst return.

Ans: Since Assessee is having 95% exempted activity for common credit rule 42 need to apply. For 5% turnover you should choose credit exculsivley for taxable activity called as T2 to maximise benefit of ITC