Input Tax Credit Utilization: Practical examples with detail analysis
ฝัง
- เผยแพร่เมื่อ 5 มิ.ย. 2024
- Join us in this enlightening session where we delve into the intricacies of Input Tax Credit (ITC) utilization, backed by real-world examples. Learn the art of maximizing ITC benefits and navigating through Sec 49A in conjunction with Rule 88A effortlessly. Whether you're a novice or a seasoned tax professional, this session promises invaluable insights into optimizing your tax strategies.
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Disclaimer- Although all provisions, notifications, updates, and live demos are analyzed in-depth by our team before presenting to the public. We hereby provide our point of view only and tax matters are always subject to frequent changes hence advisory is only for the benefit of the general public. Hence neither Fintaxpro Advisory LLP nor its designated partner is liable for any consequence that arises on the basis of TH-cam videos.
Copyright Disclosure - As per Sec 52 of The Copyright Act,1957 Fintaxpro Advisory LLP shared this video with a clear objective to educate the public at large and thus constitute the fair dealing with content for the purpose of reporting of current events and current affairs, including the reporting of a lecture delivered in public
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Tags: Input Tax Credit, ITC, Sec 49A, Rule 88A, Taxation, GST, Tax Planning, Practical Examples, Tax Strategies, GST Compliance, Business Finance, Accounting
Hashtags: #InputTaxCredit #ITC #Taxation #GST #Sec49A #Rule88A #TaxPlanning #Finance #Accounting #BusinessTips #compliance
Time Stamp
0:00 Intro to Topic
1:21 Claiming input tax credit
2:25 Utilization of input tax credit
3:44 ITC utilization and set of rules of GST
15:00 Practical example of ITC utilization
20:28 ITC calculation for Rule 86B
29:51 How to transfer of Cash ledger in GST
34:30 Outro
One of The best teacher..
Thank you sir for these types of practical videos
Thanks Sir, Bole tohh, Maza aaa gaya...
Thanku Sir Aapse Bahut Kuch Sikhne ko Miltha Hai.
You are great sir
thanku fintaxpro
Thank You So much Sir, Glad to Have again New Video Of ITC Utilisation with good Legal Manner. ❤
Sir, Could you please make a Genius Analysis Video Based On
TAX LIABILITIES AND ITC COMPARISON. With full Explanations per head.
(Gst Returns)
Sure
Nice video concept clear
Very nice video Great sir
Set off was like nightmares for me🥺😂thank you sir for detailed explanation 👍🙏
Sir gst ke upar ye se hi video uplod kijiye very nice knowledge
Thank you so much Sir,
Tq sir superb explanation
Keep watching
Please make a complete video on ITR filing through computax sir.
Thank you sir
Welcome
Please provide lectures on joint development agreement gst effect on real estate sector
Tq for having a great information .But on small request ,if it possible can you provide information in english language also..
Sir our firm mostly purchase has inter and sale intra and have a good balance in Cgst credit leger .. whether we toal igst input from sgst ?
@fintaxpro hospitality industry main ITC kaise le??
Sir mai advertising and service provider company me job karta hu . To humare yaha corporate meeting bhi karate hai hotels me. Jo hotel ka bill Hume milta hai confrence dinner daal ke dete hai to kya us bill par GST claim kar sakte hai ki nahi . Plz reply urgent hai sir.
Sir GST TDS ka ak Details Video banaiye Please
Sir rule 86b mai 1 percent tax cash mai ladger se pay karna hota hai or is tax ka 1 percent toh 1555.38 hua toh aapne 20000 cash ledger se kyu pay Kiya
Example diya tha only sir.
My company follows QRMP GST filing. Purchased Tally software in Feb. 2024 with IGST 18%. Make a purchase entry in accounting mode and as Fixed Assets, nature of supply-Capital goods. And paid GST amount on self assessment in March with that IGST adjustment. Today when I check GST report in Tally Prime, 3B report shows that particular IGST amount as reversal amount and NET ITC available after deducting that amount. What to do? a) am I not eligible to claim that amount as ITC in quarterly March 3B filing? b) should I pay March payable amount for GST + that IGST amount. Please help.
March ka GST. Ka. sett of. Next April month me. Carry forward hota Milta. Hai. Kiya. Bhai
Please reply
Msin bhi Asahi jrta hoon bahut se advocate jo portal leta wahi krdete itc hone ke bad bhi liability jama krte maine dekha hai ye
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mere ek client ka to cgst mai koi bhi value nhh hai sgst mai 2 lac hai
Sir jewellery business itr filing video chia ye sir pls bana dejia TH-cam me khani nahi he
Hi Sir I had started filling my own GST returns by learning from your videos but as in this video you said that the value of SGST ITC would be always greater than CGST but in my case the value of CGST is greater than SGST what should I do now
How is it possible
You always have to adjust cgst itc first before going to sgst itc what are you doing ??
It's not big issues and next time don't mistake silly point
I need to check the calculation before commenting on this.
@@FinTaxPro it's only Rs.700 extra than SGST
Does it make a big difference or not