Understanding the Latest ITC Rules for Input Tax Credit in GST ft
ฝัง
- เผยแพร่เมื่อ 20 ต.ค. 2023
- In this video, we delve into the recent changes in Input Tax Credit (ITC) rules related to GST, specifically focusing on the utilization of ITC for various types of taxes. We explain the four types of taxes under GST, including IGST, CGST, SGST, and UTGST, and how ITC can be applied to each. We also explore the key provisions of Section 49A, Section 49B, and Rule 88A, as amended in GST Circular No. 98/17/2019. Additionally, we clarify the order of utilization of ITC, as per the provisions of Section 49 of the CGST Act. Stay informed about the latest updates in the world of taxation.
👨🏻🎓Practical Courses-
👉🏻ITR, GST & TDS (Tax Combo) - fintaxpro.in/Combo
👉🏻Account Finalization - fintaxpro.in/Accounting
👉🏻ROC eFiling - fintaxpro.in/courses/roc/
👉🏻Trademark e Filing Course - fintaxpro.in/TM
👉🏻Taxation for Share Market - fintaxpro.in/share
👉🏻GST Course - fintaxpro.in/GST
👉🏻ITR & TDS Course - fintaxpro.in/ITR
👉🏻Excel Course - fintaxpro.in/Excel
👉🏻Taxation for Online Sellers - fintaxpro.in/online
👉🏻Balance Sheet & PnL Finalization - fintaxpro.in/BstPnL
👉🏻All in one Combo Course - fintaxpro.in/All
📞7827521794 (For Course queries only)
📞For GST Filing, ITR Filing, Trademark Filing, Trademark Reply, Company Incorporation, ROC Compliance, DSC, Project report, MSME Certificate and other related services call us at 9718097735 or 7827521794
📍Buy class 3 DSC with 2 years @1250 - imjo.in/tFcdAZ
👨🏻🎓For Magazine - fintaxpro.in/newsletter/
📩info@fintaxpro.in
Telegram channel - t.me/fintaxpro
FinTaxPro Mobile App - bit.ly/3WJ63tX
FinTaxPro Social Handles- linktr.ee/fintaxpro
FinTaxPro Studio Gear - linktr.ee/fintaxpro_gear
FinTaxPro Live - / @fintaxprolive
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
©️Fintaxpro Advisory LLP
Sett off को लेकर मेरी देखी गई अब तक की सारी वीडियो में ये सबसे शानदार और आसान वीडियो है, जिसे ये समझ ना आया हो वो अकाउंटिंग छोड़ कर कुछ दूसरा काम कर ले.......इस वीडियो के लिए दिल से आभार और धन्यवाद सर।
Your video is best in terms of clearity of concepts and practical knowledge.❤
Sir this video Is very Useful For ITC Related Query& Set Off.All Doubts Are clear Regarding ITC Thanks A Lot Sir.
Really Superb explanation ekdam step by step
We want more such useful videos sir
sir literally aapki practical videos me itne achee se dekhta notes banata explanation bhot achaa krte hai nd man bhi lgta h itna theoritical videos me man nhi lgta itna
Glad you like it
Namaskaar sir...
Thank you So much
36 minutes ka video itne interesting dhang se aapne concept clear Kiya ki pta hi nhi chla video kab khatm ho gya ❤
Glad you like it.
Great teaching, clear all concept
Thank you sir for such an amazing content
Best video clear all concepts
Thanks sir
Ist video on you tube. For itc claim and utilisation with practical thanku so much sir...
Most Welcome
Nice explanation about ITC
This is best video.Thank you
Thank you Sir, you explain really well
Usefull video Sir 👍... Thank u
Explained nicely, thanks Vivek for such an amazing video that has been really helpful in our practical field!
My pleasure
Teaching of GST Really fantastic, even common man also understand
Your video is best
ITC Claimed & UTILIZED BOTH
Nice Sir,
Theory is Cleared
Thanku you sir great explanation
Sir , while claiming deduction u/s 80 Dd ( disable person medical rxpense and maintenance) we have to file form 10 IA . Can we upload disability certificate in attachment.
Very nice explanation thank u
finally get ITC setoff explanation video 🙏
Glad you liked it!
Very nice and informative session..May god bless you
So nice of you
Sir, jab composition dealer dusre composition dealer se purchase karta hai toh reverse charge lagta hai yaa nhi , yadi lagta hai toh kitne amount ke purchase par lagta hai vo limit kya hai
The best Ever video i found on TH-cam ❤ so easy to understand thanks 🙏
Glad it was helpful!
Superb way to explain the set off rules great vivek sir
Very useful hai sir
Thanks sir🙏
Thank you sir🙏🏻
Sir , mera feb 2022 me gst ITC claim krna rah gaya tha, toh abhi mai feb 24 ya fir mar 24 me claim kar sakta hu kya
Interest calculate on ITC Utilisation 🎉❤❤❤🎉
Bahut badhiya sir🎉
Thanku very much sir
Agar d mart se product khardia or sweets leliya customers ko or employees ke liye to uska Itc claim le sakate hai kya
Sir kya ecommerce platform ka ITC claim kar sakte hai 🙏
👌 best video sir....🎉
Thanks
Nicely explained sir 👌
Kind information I need sir not submit returns due to cancellation is possible to claim itc
Hello Sir Can u just help/Guide with filling of ITC-04 Return For Job work Jewellery and others
Superb sir❤️
Thanku Sir
Welcome
Interest Applicable in ITC Utilized
Thanks sir g
Sir aagr ITC liya hi nahi matlab jiska ITC nahi liya ni nahi 0 dala toh chalta hai kya without any reporting
Best video sir, Thanks a lot 👍👍👍👍👍🙏🙏🙏🙏🙏
Most welcome
Bills for the year 22_23, accounting entry done in 23_24 , ITC available in 2B in 23_24 and utilsed in 23-24. How to show this in GSTR 9 & 9c of F.y 22_23
Thank you
Utilisation pr count krenge
Int. applicable if ITC utilised
Baht badiya
Thank you sir ji 🙏
Most welcome
Itr invalid due to non verification
Hamara sawal itr e verify same day kiya phir bhi itr invalid hua h wo sahi kaise hoga, hamara itr nill ka h oct me bhara tha 7 ko pr aj invalid dekha h
Tq sir
Good
Very well explained...
Thank you 🙂
where to show ineligible ITC under RCM and IMPORTS
Interest will be levied on excess utilized itc
How can i remit un utilised ITC wrongly taken
Thanks sir😊😊😊😊
Welcome
Namaste sir
Thanks
Super video on it.
Murthy
Thanks and welcome
Itc utilisation per interest dena hoga.
Interest is charged on ITC utilisation @18 % p.a
The aim is to utilise the ITC in such a way that there is no need or minimum need to make payment in cash. This is what GST Tax planning is. Further, interest is charged upon ITC utilised.
😅😅
Pls also provide Journal entry of setoff
interest calculated on itc utilization amount
Sir it's good and understandable.. plz make a video for how to file Gstr returns of restaurant service who provide dine in and thru swiggy Zomato and important point is that if we choose qtrly scheme then how to file GST returns of this
Sir
Agar total sale ka 20% sale sez unit ko hai ji without gst hai to input credit purchase ka full clam kar skatai hai ya input ka 20% reverse karna hoga
If you get reply, plz share
Sir, aapka GST course join karna chaahta hu but kya online course se completely learn karne ke baad apne return filling job me success ho sakte hai?? Jaise ki novice doctor to chir-faar, sui sarkaari college me gareeb mareejo par practical karke seekh leta hai par accounting profession me kaha par log seekhne dega apne gst ligin id se... iske liye to fir CA office me job join karni paregi. Aajkal waha bhi novice ko chance nahi milta hai.
Sir with example with practical ke sath samjhaie
Both, claim and Ultilasaton
Both words are different.kindly brush up your knowledge.
Sir. can u make video on gst -itc & depreciation on capital goods from both seller and buyer side and it's effect in gstr1 & 2b.there is confusion about 100% itc or itc in installment on capital goods .full gst will show in 2b & buyer have to make reversal for installments.what is latest rule?.pls reply
Sir ye apne Excel par bataya portal par kaise hoga
Sir 5th example me apne CGST ka ITC IGST se adjust karne se phle CGST se adjust kara hai kya aise kar sakte hai ya phle IGST se adjust karenge aur uske bad CGST???
Ha usme koi issue nahi
Intrest can charge on utilization itc
Itc utilisation par interest lagega
F.Y. 22-23 M EXCESS ITC 3B M CLAIM KI H USKO 3B M REVERSE TABLE 4 M KAHA PER SHOW KARENGE. THANKS IN ADVANCE
Your videos are easily understandable,,, gr8 work... Just i have two questions, my ITC was not reflected in 2B, is it because my business was with some one whose GST was on quarterly and mine is on monthly scheme? however my consultant already claimed it in 3b!! and to my surprise it got auto populated too,,, now comes the second question, will i be fined do to the above action?
please reply
Quater Wale IFF monthly fill karte hai toh toh purchase Kane Wale party ke 2B me reflect karta hai
Very good information
Thanks
Pichle mahine use kiya hua itc is mahine me bi dikha raha he to kya kre
Intrest levy for ITC utiliztion
Interest will be charged on ITC utilisation
Interest will be changed on ITC utilisation
super duper
Utilisation pe
Sir one query can we adjust igst payable from cgst n sgst proportionately
In any manner
Sir why there are are CGST & SGST when u are purchasing from State to another state then it's IGST when we purchase From Union territory Like Delhi Jammu and Kashmir Pondicherry then It's is CGST & UTGST
Interest will be charged on itc claim
Sir tax return, GST &TDS video bnao
Interest on utilised ITC
Mera ek client h wo contractor ka work krte h.. Unko ek tender mila h company ke taraf se.. To wo company walee pf registration doc mang rhe h !
Plz sir samjha do ye kya hota h or kese kre pf registration
I have an question that can we claim itc of bank charges and bank interest and loan processing fee
Yes
Bank charges, loan processing are fall under gst scope and eligible for ITC.
Claim PR interest lagyega
YOUR SEND ITC CHAT IN 4TH POINT IS WRONG SETOFF PLEASE CHECK DETAILS
Hmare portal pr bhi SGST itc jade chal rhi h
interest on utilized
❤
♥♥♥
CGST & SGST NOT SETOFF IN CROSS
Sir agar mera fertilizer ki firm h or mene ek laptop liya usme 18% gst include h but CA bol rha h ki gst claim aadha hoga kuki aapki firm fertilizer ki h agar electronics ki hoti to poora mil jata kya aisa bhi kch hota h? Pls reply
Agar aap Nil rated supply karte ho to proportional ITC claim hoga based on Taxable turnover refer Rule 43