8 Situation for ITC ( Input Tax Credit ) Reversal in GST | ITC Reversal in GST

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  • เผยแพร่เมื่อ 21 ต.ค. 2024
  • 8 Situation for ITC ( Input Tax Credit ) Reversal in GST | ITC Reversal in GST
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    DISCLAIMER
    This video is merely a general guide meant for learning purposes only. All the instructions, references, content or documents are for educational purposes only and do not constitute a legal advice. We do not accept any liabilities whatsoever for any losses caused directly or indirectly by the use/reliance of any information contained in this video or for any conclusion of the information. Prior to acting upon this video, you're suggested to seek the advice of your financial, legal, chartered accountant, tax professional advisors as to the risks involved may be obtained and necessary due diligence, etc may be done at your end.

ความคิดเห็น • 84

  • @sudityasingh3563
    @sudityasingh3563 8 หลายเดือนก่อน +1

    hat's off for your easy explanation

  • @dileswarmajhi4558
    @dileswarmajhi4558 8 หลายเดือนก่อน +1

    Thank you Sir for this video

  • @behappy98778
    @behappy98778 วันที่ผ่านมา

    Ham online per 0% tax nil rated product sell karte hain,
    aur jo ITC Flipkart se hum commission aur shipping ka jo ITC ham claim karte hain woh kya humko revers karna padega kya sir

  • @amoghsonawane5331
    @amoghsonawane5331 5 หลายเดือนก่อน +2

    Sir agar ek invoice mere 2B me dikh raha hai, par voh invoice mere pass physically NAHI hai as per sec 16....
    Toh me usse reverse karunga ki uss amount ka ITC lunga hi nahi??
    Please Clarify 🙏

    • @RTSProfessionalStudy
      @RTSProfessionalStudy  5 หลายเดือนก่อน

      yes reverse karna hoga if goods not received

  • @rajeshvenkat2672
    @rajeshvenkat2672 ปีที่แล้ว +1

    Excellent sir

  • @gstex-gr5tc
    @gstex-gr5tc 8 หลายเดือนก่อน +1

    Nice video sir

  • @sougatachattopadhyay3148
    @sougatachattopadhyay3148 ปีที่แล้ว +1

    Thanks for Good Explanation.

  • @rajneeshadv21
    @rajneeshadv21 ปีที่แล้ว

    bahut saral bhasha me bahut hi achchhe sesamjhaya thank you

  • @colours4574
    @colours4574 10 หลายเดือนก่อน +1

    Sir ,what will be the treatment for Purchase return after 1 year?

    • @RTSProfessionalStudy
      @RTSProfessionalStudy  10 หลายเดือนก่อน

      If the Input Tax Credit (ITC) time limit, i.e., 30th November, has expired, you cannot claim it in the Goods and Services Tax (GST).

  • @_Khatik
    @_Khatik ปีที่แล้ว +1

    Sir gstr 3b 30th October ko jata hai na. Aapne 2nd case me 30th 30 September bataya hai.

    • @RTSProfessionalStudy
      @RTSProfessionalStudy  ปีที่แล้ว

      ab time limit change hogi hai , 30th nov tak itc le sakte hai or wait for my video

  • @learnforearn6664
    @learnforearn6664 6 หลายเดือนก่อน +1

    Is there any limit of itc taken from personal use thing?? Like mobile laptop online purchase

  • @krishnadassingha5461
    @krishnadassingha5461 ปีที่แล้ว +1

    Excellent! Knowledge in short time.

  • @sunilyadavmy
    @sunilyadavmy 9 หลายเดือนก่อน +1

    Sir kya November month ka ITC unused jo hai use January mein claim kar sakte hai while filing December GST in January

  • @nayakakshu7311
    @nayakakshu7311 8 หลายเดือนก่อน

    Axxe se samj gaye Waahh

  • @naturelife3446
    @naturelife3446 ปีที่แล้ว +1

    Good 👍

  • @mohammednadeem9423
    @mohammednadeem9423 6 หลายเดือนก่อน +1

    Sir.. Wrongly file gstr1 nil. However having taxable amount for said period march, now question is 3b will be file with taxable amount or not?

  • @BAIRGANIA
    @BAIRGANIA ปีที่แล้ว +1

    16 2 b ke bare me to aapne kaha hi nahi

  • @danishsharma-lz6tl
    @danishsharma-lz6tl ปีที่แล้ว +1

    Si agar hum share sai related sale dikhate jo ki non gst hai to kya gst mai uska koi input tax reversal ka effect hoga

  • @shahwxm
    @shahwxm 9 หลายเดือนก่อน +1

    SIR , DAMAGE OF GOODS KI ENTRY KYSAI KRAI TALLY PRIME MAI
    BOOOHT VIDEO'S DEKHAI KUCH B SMJ NHI AATA 😢

    • @RTSProfessionalStudy
      @RTSProfessionalStudy  9 หลายเดือนก่อน

      ITC writeoff ledger dr. to INPUT GST ledger cr.

  • @k.kengineering4131
    @k.kengineering4131 ปีที่แล้ว +1

    Sir kaise pata chalega ki Buyer ne ITC liya hia ya nahi ?

    • @RTSProfessionalStudy
      @RTSProfessionalStudy  ปีที่แล้ว +1

      ye pata nahi chalega only buyer se declaration le skate ho

    • @k.kengineering4131
      @k.kengineering4131 ปีที่แล้ว

      @@RTSProfessionalStudy ok sir thx for replying

  • @LIEAproducts
    @LIEAproducts หลายเดือนก่อน

    Sor mene 2018 me ek gst regustraion liya tha usme kuch 3-4 marketting expense jese phone aadi ka. Input liya tha par abhi tak koi sale nhi hai, monthly nil fila karta hu ab jo input liya tha vo dikhta hai use revese karke surrender karna hai. Kaha revese hoga?

  • @manojmeena8127
    @manojmeena8127 ปีที่แล้ว +2

    You forget to mention the most vexing issues in gst reversal of itc on cancellation of supplier back dated

  • @vivekTch
    @vivekTch ปีที่แล้ว +1

    I bought 10 cell phone from supplier, 2 out of them I sold and remaining items supplier took back.
    8 cell phone jo wapas liye gye hn usko kaise show kren?

  • @relaxationmusic415
    @relaxationmusic415 12 วันที่ผ่านมา

    Itc reversal shown in sale table 3.1

  • @experijet3505
    @experijet3505 11 หลายเดือนก่อน +1

    Mera to esa kuch nahi hai...Aur 3 month's se nill return kr rha hu...aur cancellation k liye bhi apply kr diya to mjhe ye Krna hoga ??? Usme zero submit Krna hoga ? Plz reply..🙄🙄

    • @experijet3505
      @experijet3505 10 หลายเดือนก่อน

      Plz sir bta do ye..!!

  • @mdakramulhaque4794
    @mdakramulhaque4794 9 หลายเดือนก่อน +1

    Sir 2022 ka itc available hai but gstr1 nil file kiya hu avi tak to itc ka kya krna prega

    • @RTSProfessionalStudy
      @RTSProfessionalStudy  9 หลายเดือนก่อน

      itc nahi le sakte hai time limit is over for 2022

  • @MdAkramul-pe2sm
    @MdAkramul-pe2sm 25 วันที่ผ่านมา

    Sir mera FY 23-24 me purchase Jayada tha but sale September 2024 tak sale kam hai to ITC available hai kya is ITC ko kya krenge

  • @shalinichalawadi4619
    @shalinichalawadi4619 ปีที่แล้ว +1

    Sir, Can we utilize CGST and SGST Credit against IGST to reverse ITC

  • @_Khatik
    @_Khatik ปีที่แล้ว +1

    Sir share this decent PPT

  • @deepakkumar-dw9yz
    @deepakkumar-dw9yz 7 หลายเดือนก่อน +1

    Thanks sir

  • @accountantrajatsharma2992
    @accountantrajatsharma2992 8 หลายเดือนก่อน

    Sir agar hamari GST Liability 5% hai or us per hum Itc claim karte hai to hamesha Liability se jyada ITC rehta hai to kya hum aisi Itc ko claim kar sakte hai?

  • @Aditi7781
    @Aditi7781 ปีที่แล้ว +2

    Can we reverse unutilized itc through drc 03

    • @RTSProfessionalStudy
      @RTSProfessionalStudy  ปีที่แล้ว +1

      yes

    • @Aditi7781
      @Aditi7781 ปีที่แล้ว

      @@RTSProfessionalStudy in coloum tax liability or others,please reply

  • @curious1245
    @curious1245 9 หลายเดือนก่อน

    Sir, Agar 22-23 ke Nov me 320 Rs Kam ITC claim kar liya or March me 35000 excess claim kar liya 2B se to kase reverse karen. Pls batayen. 🙏

    • @RTSProfessionalStudy
      @RTSProfessionalStudy  9 หลายเดือนก่อน +1

      apko iski reconciliation banani hogi or 2022-23 ka reversal ka time limit over ho chuka hai isko to aapko drc03 se pay karna hoga

    • @curious1245
      @curious1245 9 หลายเดือนก่อน

      @@RTSProfessionalStudy sir kya payment karni hogi ya jo ITC available hai hamare paas usse hi adjust ho jayega. Kya interest bhi pay karna hai.?

  • @nidanazlirhythm
    @nidanazlirhythm ปีที่แล้ว

    Thanks Sir.

  • @i.a.a.g.e2505
    @i.a.a.g.e2505 ปีที่แล้ว +1

    Pdf de dijiye description mein nahi hai

  • @dmnita
    @dmnita ปีที่แล้ว +1

    Sir, supplier has by mistake uploaded invoice in his gstr1 on my gstr number and it is showing in my 2A. Now at the time of filing should i claim it and let him issue me a credit note and next month reverse it or should i not at all claim it and put it in ineligible

    • @RTSProfessionalStudy
      @RTSProfessionalStudy  ปีที่แล้ว

      this not eligible itc you should reverse this itc in 3b

    • @dmnita
      @dmnita ปีที่แล้ว

      Sir but if in next month if he amends his gstr1 and in my 2b it comes in ITC reversal then as i have already reversed it in this month 3b next month i can take full ITC even though 2B figure is net off the ITC reversed by supplier

    • @bhargavpatel2510
      @bhargavpatel2510 ปีที่แล้ว

      ​@@RTSProfessionalStudynice follow up question by nitam, can you answer this as I also have the same query..

  • @vikitashinde1445
    @vikitashinde1445 ปีที่แล้ว

    ITC Reverse ke against credit note issue Kiya to kya effect hot hai

  • @ravdembla
    @ravdembla ปีที่แล้ว +1

    Sir hamne IGST ka ITC SGST head mein galti se le liya or ab notice aa gaya hai period 2017-18 ka.. is case mein koi case law dikha sakte hai kya.. department keh rha hai SGST head reversal karo interest pay karo..
    Hamne koi government loss to Kiya nahi hai.. bus galat head mein input le liya hai .
    Is se bachne ka pls suggestions dijiye sir

    • @RTSProfessionalStudy
      @RTSProfessionalStudy  ปีที่แล้ว

      yes reversal karna hoga sgst act alag hai or igst act alag hai

  • @chandanchaudhary13
    @chandanchaudhary13 ปีที่แล้ว

    Mai mai galti se gst input le liya hu...or 180 day se jyada ho gaya hai toa ab kitna fine bharna hoga

    • @RTSProfessionalStudy
      @RTSProfessionalStudy  ปีที่แล้ว

      input reverse karna hoga

    • @chandanchaudhary13
      @chandanchaudhary13 ปีที่แล้ว

      @@RTSProfessionalStudy sir .....CGST+SGST =218540.96/-
      Sir please help me
      Bill date 7/11/2022 ka hai 6 month se jyada ho gaya hai...espar kitna % intrest pay karna hoga

    • @chandanchaudhary13
      @chandanchaudhary13 ปีที่แล้ว

      Sir please reply me

    • @urmilanayak9629
      @urmilanayak9629 ปีที่แล้ว

      ​@@chandanchaudhary13 24%interest lagta hai annually

  • @OfficeWork-cf3kw
    @OfficeWork-cf3kw ปีที่แล้ว +1

    Sir bank main apne aap 2,282 rupe aagy mere ! 😂
    Reversal DT karke likha aa raha hai
    Ye kaise aay ?