Class 11 | Input Tax Credit | Section 18 | CA-Inter | Nov 2020 | May 2021 | CS- Exec
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- Опубликовано: 14 окт 2024
- #GST #NOV2020 #May2021
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This video is on Input Tax Credit Under GST. This Video Is applicable For CA/CS / CMA students appearing in May 2020 / June 2020 attempt respectively
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Sir utilization of itc.. Nhi hai sir video
No word to express the value of this lecture,sir kya padhaya hai aapne,there is no scope to ask the doubt because every point clear
Trueeeeeeeeee
i m a cs student....apne itne depth m is provision ko pdhaya h......ty so much sir for this...ek ek chij crystal clear h.....
You're the best faculty for taxation.... finally I made my doubt clear in relation to concept of itc in special circumstances... thank you so much sir
Sir your lectures are the BEST!!!.... We all are very fortunate to study this great quality...... Thanks a lot sir
Sir you are a great teacher the way you teach is very simple and help students to understand easily thanks sir for giving such a precious lectures. ❤️❤️❤️
Dear Sir section 18(6) i.e. supply of capital goods, please note that, base for calculation of itc is a) 5% P. Q. Or b) tax on actual transaction value whichever is higher.
i was thinking the same
Yes, thought the same
There is a sentence in tamil, " Kadhavul endha rubhatula vandu kaapatuvaru nu therila, aana na ungala kadhavum rubhatula paakuren sir"
Romba Thanks sir.❤
Thank you for the In depth revision videos sir this really helping me alot 1day before exam. No compromise in the concepts and simultaneously covering questions is very much helpful in recalling the concepts
After taking 10 min..cls i just subscribed this channel wow aweysome way to explain 🤩🤩
Sir, if I am not not wrong, the benefits of section 18 (1) is only available for manufacturer and not for trader. Because he can have stock, semi finished goods and finished goods as on the date immediately preceding the date when he become liable to register.
And one more question is that if he apply for registration after the expiration of 30 days when he becomes liable to register,
In this case the ITC of which date will be allowed
Day before the date of registration granted.😊
Jasmeet Ji, (Doubt raised by a student at 15 Min) Section 18(1)(a) speaks allows ITC on Input held in stock, WIP and FG. So as per my Interpretation, if the person fails to take registration he cannot take credit on the input held in stock, WIP, and FG if the officer catches him plus he shall pay a penalty u/s 122. Please correct me if I am wrong also refer the rule or section where do i can refer.
He can take from the date he get reg if he failed to apply for reg within 30 days
Your way to teach is so simple and easy.i love the way u teach😇
Jasmeet Ji also in case of example at 50 Min, Transferor i.e. A (Transferor) has to furnish detail in GST ITC-02 and B (transferee) has to accept..as per rule 41
A registered person shall, in the event of sale.....furnish the details of sale.....in FORM GST ITC-02, electronically on the common portal along with a request for
transfer of unutilized input tax credit lying in his electronic credit ledger to the transferee"
" The transferee shall, on the common portal, accept the details so furnished by the
the transferor and, upon such acceptance, the un-utilized credit specified in FORM GST ITC-02 shall be credited to his electronic credit ledger."
Ji...That was a mistake in video
Sir reversal of itc me abhi 5% per Qtr or part of the Qtr ke base pr calculate krenge kya ..in case of sold of capital goods??
Sir,
In section 18(3) itc in case of merger
If 50%liabilities is taken over
Thn no credit will be Transfered to transferee co
Hi sir , in case of section 18(5) supply of old capital good , in that case how is reversal done ?? By issuing invoice and show as supply and update in gstr3b ??? Or anyother way please please tell
Sir
if i fill "ITC 02" after merger 8 months . In this case i have to pay 8 months interest.
Regreting for being so late inspite being from same town Kanpur 😂...
Love the way u teach sir ..
sr bhut badia pura chapter clear ho gya m very lucky that on my time u r teaching gst really I was so worried about thz subject bt u remove my all doubts, worries about gst🙏🙏🙏🙏
Sir can you tell the total number of lectures will be uploaded?
Sir, if u/s 17(4) banking company or NBFC opt for sub sec 2 , will the condition of Second proviso to sub section 4 still be prevail or we need to calculate ITC as per sub section 2 for distinct person as well . ?
So u also provide pendrive classes sr.?
Reason kya h ki sec 18(1)(a) m cap good ka credit nhi milta q
Sir kya capital goods ka itc allowed nye hota hae ??
Sir pl tell me in rule 44 life remaining me 60m - 11m and 12 days ko apne 48 M and 18 days likh hai isme 18 days kaise aya ??
Thank you so much sir, Maine 2 times exam de diye h, par GST mujhe ab clear ho RHA h
Cleared CA inter or not bro
No words to express my gratitude to you 💞
YOUR VIDEOS ARE BEST FOR TAX ON RUclips
BRILLIANT CLASSES SIR
Sir can you tell how to find time limit of Itc
We have to compare general provisions and special provision of time limit???
is this video applicable for cma inter student
Sir plssss upload Sec 19 and 20 for cs students .
Bahut badhiya padhaya
What is difference between capital goods and capital asset
Last question mei 216000 reverse hoga ri8...?
mine was also same
Mera bhi same aaya
54:13 Section 18(4)
Sir cma inter ki customs classes bhi karwa dijiye na
Can anyone please clarify regarding 18(3). It says transferror(person having unutilised ITC) needs to submit form ITC-02 and it has to be the transferee who verifies it. So in the example sir mentioned in 51:00 it is opposite of what is written. Please clarify ?
Yes in video it is opposite of what is written in book..
Yes ITC 02 to filed by Transferor, to be accepted by Transferee
Getting a reply on this comment after clearing my exams. Anyways thanks. Huge thanks to jasmeet sir for whom I scored 56 in Tax.
Sir ek video electronic credit ledger or electronic cash ledger pe bna do.
Sec 18(1) mai Capital Goods ka itc kyo nahi milta hai
Sir will you be able to complete the lectures before Nov 2020...as I have not taken any classes and completely dependent upon you... lectures are great !! please reply 🙏🏼🙏🏼🙏🏼
Sep end.....
@@CAJasmeetSingh thank you so much sir.... Even I am preparing only from ur lecturers Sir
@@CAJasmeetSingh thanks a lot sir
How have u managed with the other subjects? RUclips?
Even I am not taking any tutions so i wanted some advice..
@@AN-su5td well I purchased full lectures of acc and costing from Ravi sonkhiya sir. The cost was really low (1000 per subject).
The remaining lectures of grp 1 i.e law and tax can be done from youtube. CA Vikas Sharma sir has completed the whole syllabus for dt and gst is done by rahul sir. You can check the playlist, the videos are applicable for may 21.
For law just download the unacademy app and check special classes of Mohit Agarwal sir. He has covered the important portions for may 21 and is free for all. Rest u can check other tutors on unacademy. Hope it will help u 👍
Sir how to avail the notes on professionals point ?? I am not getting it😬
Go to his telegram channel for notes
216000 is this the answer of last sum??
ITC taken ₹2 L,,,, i think... Reverse restricted only ₹2L(₹1.5 L or ₹2.16L.. W. E. H).. Plz replay
@@sonalibindusahoo5575 it should be certified by ca/cma if the aggregate value of claim exceed 2lac
Wow wow wow wow sirr! 😊😊
Thank you for your time and effort sir.
I have a doubt. A rerail trader becomes liable to register by 31st July and he gets registered within a month, say by 25th August. What about the GST that he should have collected. Without GSTN he couldn't have given tax invoice. Should he pay from his pocket?
He'll hv to issue reverse tax invoices then.. For sale of goods from the date he bcm liable till the date he got the registration.. And then he will charge Tax on the sale between that period.. Hope u understood my anwer 😇
You are amazing sir......😍😍😍😍😍😍😍😍😍😍😍😍😍😍what a clarification!!!!!!loved it💗💖
सर जब used कैपिटल गुड्स को सेल करते है तो आप ने बताया था की itc reverse होगा higher of( A) and (B)
A. ITC of remaining life rule 44
B . GsT on transaction value
But sir ICAI module m 5 % of quarter kr according. Btaa rha ha or aap ne per month ke base pr
If you read rule 44, then you will see that reversal is on the basis of months and not on the basis of quarter.
Okk sir thnks rule 40(2) use le skte h na
Rule 44 and 40(2) kisi se bhi kr skte h na
@@nishantchopra6473 rule 44 applicable supply of capita goods.. Rule 40 not apply.. Plz replay
Excellent lecture ❤
Very good
From I want ur short notes...can I get
Thank you sir for uploading lectures
Best explanation 🙏
Sir , you should start teaching IDT too . 😅
Thank you sir ji
Sir plz upload the lectures daily plzz sir
Not possible dear
Thank you
Super teaching
Thank you so much sir for the lecture
❤ thank you sir
Ty sir
💓💓🙏🙏
Very helpful
Thank you sir awesome
15:05:01
thx you so much sir for leature
thanku sir
❤❤
Top class ❤️👍
Thankyouuuuuuuu sir 🙏🙏🙏
🙌🙌🙌🙏🙏🙏
Thank you sir
Very useful
Thx sir
Thank you sooo much sir