Sir Your lecture is so clear and simple ..You help me a lots in undefstanding gst act and i am now more confident in my duties as Tax Officer. . But i would like to reqeust is that...please do not mix your lecture WITH HiNDI...When you say cr ial sentence in Hindi we loss our understanding...In our State like Mizoram..there are may people who donot understand HINDI....I am also want to say that there are countless video tutorial in HINDI on You tube.. .I just want to lisen your lecture because you give it in Emglish..Besides your lecture is very clear and lucid way.. I will keep watching your Video..
Incredible sir, explanation in very easiest language as usual. It was feeling like I am listening to in front of me. I missed the live session. I am a big fan of you. , I woul like to meet you in person after this Corona pandemic is over. Love you sir.
Sir, kindly clarify if the ITC available on only plant and machinery as per section 17 (5) for works contract services, then ITC on building, commercial complex, factory premises etc is available or not, if available, what are provisions.
In the example of Construction contract of 50 crore, if Client itself procure materials and then supply it to the contractor ( Contract made accordingly, whether the use of materials of cleint by the contractor tantamounts to the supply as per gst law?
RESPECTED SIR, FOR YOUR KIND INFORMATION AND REGULAR UPDATE IN THE MATER OF INCOME TAX, GST AND OTHER ACT, THANKS AND REGARDS FOR UKD ACCOUNTS AND TAX CONSULTANCY U.K.DASH (UMAKANTA DASH) PROPRIETOR
Works Contract GST - Sir if main contractor provides free material to Sub - Contractor, then separate invoice to be issued or should be deducted from payment made to Sub-Contractor or other treatment
Sir if there is a total bill aounted rs 2500000 and the payment is made in part . First payment is rs 500000 credited in bank account but the portal showed 700000 ( 2 lacs are on hold ) in which amount im liable to pay tax 5 or l . ( real faced case ) Also can i pay tax on taxable value or gross value because if i pay tax on gross value the department taxen it as a gross value hence double taxation takes place . Also now the rate in works contract is 18% but i have a client whose bill is -- and its date of invoice is before the notification and part payment is received. What rate is applicable . CMA waheed quadir thanks kindly answer
sir reply krna plz ek query hai hmari company hai work contract ki hum ghr bnate toh client hme paise de rha hai 50 lakh 10 lakh ki labour ki payment de rha aur bol rha ki mao gst tax nhi dunga . toh ap ye btao kaise manage kre 50 lakh ko ko gst na lena pde na dena pde plz sir btao kaose manage kre
Sir as per sec 10(1)where the goods are delivered by the supplier to a recipient or any other person on the direction of a third person, whether acting as an agent or otherwise, before or during movement of goods, either by way of transfer of documents of title to the goods or otherwise, it shall be deemed that the said third person has received the goods and the place of supply of such goods shall be the principal place of business of such person; SO THE GOODS OR SERVICES HAS TO BE SUPPLIED TO A RECEIPENT OR ANY OTHER PERSON SO AS DIRECTED BY THIRD PERSON I.E. DELHI REGISTRATION TO A RECEIPENT WHO IS ALSO THE PERSON OF DELHI OFFICE WHETHER 10(1)(B) can be applied
Sir registration in 31 states would be necessary if main contractor sub contract a part of main contract and which would be a works contract service from sub contractor to main contractor. As place of supply rules in case of service would debarred the single registration to take credit of services at different states. What you say ?
@@cabimaljain Thank you for reply. Still I have doubt. Sir in case of supply of service related to immovable property, place of supply would be location of that property. Am I right ? Suppose Delhi registered person got WC in Haryana, how can he take credit in Delhi of such inward supply of services related to immovable property located in Haryana ? I can't understand how the mechanism of single registration will operate for inward services used in WC of other states. Please guide Sir thru a video. Thank you!😊
Thank you for such a lovely presentation. I have your number now and if i ever need any suggestion or hand holding I believe you will help me . Thank you again Sir
Sir, utilisation of ITC is mandatory as per rule 88A..How can we utilise cash ledger without utilising credit ledger first.. Please guide... How can we accumulate ITC as per your example..
One of the best GST Expert..each and every issue explain with all the details Thank you sir for explaining gst in a simple way...
very informative & lucid explanation. Thank u so much Bimal Ji
exceptional seminar . speechless . congratulations to all
Great expertise on the issue ...and sound communication skills in simplify manner
Jai jinendra Bimal ji Extremely helpful presentation. Keep it up
Sir, One of the best Video on Works contract Till date. Thanks
Bimal sir is my all time favourite teacher ❤️❤️
Important and cretical topic explained in simple words.Thank you very much Sir 🙏
Sir Your lecture is so clear and simple ..You help me a lots in undefstanding gst act and i am now more confident in my duties as Tax Officer. . But i would like to reqeust is that...please do not mix your lecture WITH HiNDI...When you say cr ial sentence in Hindi we loss our understanding...In our State like Mizoram..there are may people who donot understand HINDI....I am also want to say that there are countless video tutorial in HINDI on You tube..
.I just want to lisen your lecture because you give it in Emglish..Besides your lecture is very clear and lucid way..
I will keep watching your Video..
How to be a tax professional @Bimal sir ? I really got more motivated from you .. Thank you
useful information on Work Contract
Fantastic presentation sir, Many Thanks
Wonderful explanation thank you sir
Brilliant discussion...extremely enlightening..regards CA.MAYANK JAIN
Really beneficial always been with you
Thanks Bimalji for such a fantastic presentation.
Wonderful presentation sir
Useful seminar... thanks a lots bimal sir
Very powerful webinar thank you sir
Thanks very informative
Sir, i have got good knowledge from your valuable presentation - Thank you so much 💐
Sir nenu sub candidate job Ela unttunthi sir
Now able to digest this webinar after watching twice..
Incredible sir, explanation in very easiest language as usual. It was feeling like I am listening to in front of me. I missed the live session.
I am a big fan of you. , I woul like to meet you in person after this Corona pandemic is over. Love you sir.
Thanks sir
Really awesome & knowledgeable sir
Very well explain sir
Sir, kindly clarify if the ITC available on only plant and machinery as per section 17 (5) for works contract services, then ITC on building, commercial complex, factory premises etc is available or not, if available, what are provisions.
In the example of Construction contract of 50 crore, if Client itself procure materials and then supply it to the contractor ( Contract made accordingly, whether the use of materials of cleint by the contractor tantamounts to the supply as per gst law?
RESPECTED SIR,
FOR YOUR KIND INFORMATION AND REGULAR UPDATE IN THE MATER OF INCOME TAX, GST AND OTHER ACT,
THANKS AND REGARDS
FOR UKD ACCOUNTS AND TAX CONSULTANCY
U.K.DASH
(UMAKANTA DASH)
PROPRIETOR
Works Contract GST - Sir if main contractor provides free material to Sub - Contractor, then separate invoice to be issued or should be deducted from payment made to Sub-Contractor or other treatment
Really nice lecture
Thank you sir
Very impressive
What's your methodology to study Gst ....how you remember so much sir ...Hats off
Sir if there is a total bill aounted rs 2500000 and the payment is made in part . First payment is rs 500000 credited in bank account but the portal showed 700000 ( 2 lacs are on hold ) in which amount im liable to pay tax 5 or l . ( real faced case )
Also can i pay tax on taxable value or gross value because if i pay tax on gross value the department taxen it as a gross value hence double taxation takes place .
Also now the rate in works contract is 18% but i have a client whose bill is -- and its date of invoice is before the notification and part payment is received. What rate is applicable .
CMA waheed quadir thanks kindly answer
Very clear thoughts, nicely explained
sir reply krna plz
ek query hai hmari company hai work contract ki hum ghr bnate toh client hme paise de rha hai 50 lakh
10 lakh ki labour ki payment de rha
aur bol rha ki mao gst tax nhi dunga . toh ap ye btao kaise manage kre 50 lakh ko ko gst na lena pde na dena pde plz sir btao kaose manage kre
nice presentation
Sir can you tell me what is the GST application if one do sand business.
Royalty paid to state govt further sell of sand attracts GST or not
an excellent session as usual...
Sir as per sec 10(1)where the goods are delivered by the supplier to a recipient or any other
person on the direction of a third person, whether acting as an agent or otherwise,
before or during movement of goods, either by way of transfer of documents of title
to the goods or otherwise, it shall be deemed that the said third person has received
the goods and the place of supply of such goods shall be the principal place of business
of such person;
SO THE GOODS OR SERVICES HAS TO BE SUPPLIED TO A RECEIPENT OR ANY OTHER PERSON
SO AS DIRECTED BY THIRD PERSON I.E. DELHI REGISTRATION TO A RECEIPENT WHO IS ALSO THE PERSON OF DELHI OFFICE
WHETHER 10(1)(B) can be applied
Yes
Thanks a lot sir..lucky to got a reply from you
Thanks a lot Sir
Factory can be termed as plant rather than building
Agree but if your person comes to TN and stayed any hotel then how can u avail itc on hotel rent. bze tn person will charge cgst sgst only.
sir Please send all messages in TAMIL also, to understand the details. It will help us live in Tamil nadu People also
T.A.MURUGESAN
Yes I like it sir excellent! At par
sir kici ka ghr bnana ho toh 10 lakh payment dera bnda sidha account mein toh labour pe gst lgega ki ni plz btao
very Very nice Sir
Sir mera P.W.D contractor license hai (Civil) nature of business kya select karu WORKS CONTRACT YA SUPPLIER OF BUSINESS
If itc can't be claimed by works contractor who is doing works on behalf of local authority,,then how he can pay gst on credited amount to contractor
Sir, what will be itc for for govt. I contract
Yes
GST rate on works contract service for residential complex ?
Sir registration in 31 states would be necessary if main contractor sub contract a part of main contract and which would be a works contract service from sub contractor to main contractor. As place of supply rules in case of service would debarred the single registration to take credit of services at different states. What you say ?
Need not required
@@cabimaljain Thank you for reply. Still I have doubt. Sir in case of supply of service related to immovable property, place of supply would be location of that property. Am I right ? Suppose Delhi registered person got WC in Haryana, how can he take credit in Delhi of such inward supply of services related to immovable property located in Haryana ? I can't understand how the mechanism of single registration will operate for inward services used in WC of other states. Please guide Sir thru a video. Thank you!😊
@@cabimaljain How ISD helping here
What if Bimal Jain, Delhi purchases cement from Maharashtra and sends to Tamil Nadu site
@@goyalraginee -IGST Charged and credit taken as transactions will fall under sec 10(1)(b) of the IGST Act
👍🏽👍🏽
Sir how can a contractor work interstate without having a fixed establishment?
Vith meteriyal ka ret kiya he
If there is seperate agreement for goods and labour?
Sir, Only Suppy of Stone Chips to Govt. Railway will be considered as works Contract Or not
Pure supply of chip shall be considered as supply of goods.
If application is to be done by the supplier than it will be work contract
18% as pricipal activity is repair service
Yes.
What about, if land is in T N.
Thank you for such a lovely presentation. I have your number now and if i ever need any suggestion or hand holding I believe you will help me . Thank you again Sir
yes
Hi dear, I hope you going well ? I have a diploma in agriculture and I'm looking for a chance job or work there please ?
Sir, utilisation of ITC is mandatory as per rule 88A..How can we utilise cash ledger without utilising credit ledger first.. Please guide... How can we accumulate ITC as per your example..
IT IS SUPPLY OF SERVICES....CANNOT BE SEPERATED
Yes.
36:36
no credit isavailable
58:42 POS & Registration
Can I do that
contractor avail ITC
As per me it's supply of service .
No
composit supplt
no
W/C
No.
No
Ser
Ds gaya bihar
Service
supply
Sir, I'm a student..My honor request is that when you are explaining the concepts that should be in Hindi language also for more clarity...Please
18
Yes
Yes.
yes
no
No
18
yes
yes
Yes
no
no
no
No
No
No
No
No
Goods
18
Yes
Repeat