Page 78 - What Where Why - 8

A. My bank is charging GST on EMIs interest portion, but as per definition of service
“Money, is excluded from the same. Hence, please clarify whether GST levied
by bank is correct or not. If correct, then please specify with GST provision.

B. GST is not leviable on the interest component. It is charged on bank charges.
If your bank is charging GST, then it would be on bank charges. However, it is
advisable to get clarity from the bank.

A. I am running a big readymade clothes showroom which I registered under GST
in January. My doubt is whether I file GSTR-1 or GSTR-3B or both. My turnover
is below 1.5 cr.

B. You need to file GSTR-1 and GSTR-3B both. For GSTR-1, you can go for quarterly
return.

A. Presently I am running approprietor firm and now I want to convert it into a
partnership firm. In that scenario whether my GSTIN will change or not?

B. Yes, the GSTIN will change as the PAN numbers are different.

A. In our cement plant, vehicles (transport vehicle for employee) are used in plant
as well as colony. Can we take credit on repair charges on such vehicles?

B. If the vehicles used are registered under the Motor Vehicles Act, then not eligible
to take input tax credit.

A. I have user ID & Password of client, but I want to change his existing email id
& phone no. which was given at the time of registration. Please advice how it is
possible.

B. Based on information available to me, without amendment you can change only
password not user ID.

A. In case of hiring of manpower service, the bill raised by the client is (Basic
WAGES + ESI+SERVICE CHARGE). Whether GST is calculated on the Basic
wages or on the (Basic+EPF+ESI+SERVICE CHARGE)?

B. GST is payable on Total Cost (Wages+PF+ESI+Service Charge).

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