Input Tax Credit after 30th Nov | Section 16(4) of CGST | Entitlement + Availment of ITC in GST

In this video, we will read carefully the language of sub-section (4) of section 16 of the CGST Act drafted by the legislature to understand whether the time limit provided therein is for availment of ITC or entitlement of ITC or extinguishment of existing entitlement thereafter.
If a person satisfies all the vesting conditions provided under section 16(2) before the time limit provided under section 16(4) of the CGST Act then he will be "entitled" to "avail" such input tax credit.
00:00 Intro
01:44 Limiting New Entitlement vs Extinguishment of Existing Entitlement
05:13 Case Study [Section 16(2) and Section 16(4)]
21:10 Limitation or Prescription
23:01 What else can be the drafting
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[@gautambiswas35]

Yes

[@josejose7972]

🙏🙏👍

[@aniclout]

sir logic toh bohat badiya samjha diya apne, lekin exam mei kya karna hai agar section 16(4) ka question aata hai aur koi person agar pehle entitle ho chuka tha toh usse exam mei ITC milega ya nahi answer kya denge?

[@somilgupta5123]

SIR GOVNT F.Y. YEAR JAANE BAAD BHI NEXT F.Y. ME 30 NOV TK CHANCE DE RHI HAI AGAR USKE BAAD BHI NHI KR PAYE TO AAGE KYA KREGE SIR AAPKO BOLNA THA SIR WO TAX CONSULTANT OR WO CLINT KITNE SOYE HUE HAI UNKA KUCH NHI HO SKTA SIR PHIR BHLE LAW ME KUCH BHI LIKHA HO SIR

[@somilgupta5123]

OR AAP JUSTYFY KRNE BAITH UNLOGO KO SIR JO SO RHE HAI KUMBH KARAN KI TARAH SIR

[@mukeshpg121]

Sir,please consider my question. I had taken excess ITC(Igst) in 2018-19, Rs.17500/-. I have reversed this amount in September 2019 and shown in 2018-19 annual return. Now I got notice from gst department. What is the remedy? Please give me the answer sir....

[@mmforyou]

Reply with your clarification.

[@mukeshpg121]

@@mmforyou sir , can I pay interest?

[@imrahulp]

Ek he baat ko bar bar repeat kyu karte ho

[@bijithlalmalayil8886]

He is repeating the point which is everyone ignoring. That's all...