IDT Revision CA/CMA Final May 24 & Nov 24 | Refund Under GST | By CA Surender Mittal AIR 5

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  • Опубликовано: 3 янв 2025

Комментарии • 168

  • @vamsi1
    @vamsi1 Год назад +91

    00:03 Import of goods and services under GST
    01:57 Import of goods requires payment of custom duty and IGST
    05:47 Tax implications for online service providers
    07:40 Intermediaries in service transactions have no role in determining the supplier or payment for services.
    11:51 Foreign companies need to incorporate in India and have a separate existence.
    13:48 Establishment of Distinct for Branch or Office outside India
    17:53 Refund under GST explained
    19:38 Refund of Input Tax Credit (ITC) can be claimed by taxpayers
    23:12 Refund process under GST for exports
    25:14 Refund process under GST explained
    28:51 Concept of export and index post
    30:37 Refund under GST is available for goods exported by a merchant exporter
    34:17 Refund under GST can be obtained in two cases: exporting without payment of tax and paying GST but not utilizing ITC.
    36:27 Explanation of tax refund process under GST
    39:59 You can apply for a refund under GST if the refund amount is more than ₹1000
    42:04 Proving non-transfer of tax burden is essential for getting refund.
    45:48 Refund under GST can be applied for anytime within 2 years from the relevant date.
    47:41 Exporters can claim a refund under GST based on the date of invoice or payment received.
    51:35 To apply for a refund under GST for exports, file a refund application with the required documents.
    53:26 Easy Refund Process Under GST
    57:33 Refund process for accumulated unutilized ITC on zero-rated supplies without tax payment
    59:33 Calculate the refund for zero-rated supplies and exports.
    1:03:28 Refund under GST for zero-rated supply
    1:05:11 Supplies can come from various sources
    1:09:04 Exam supplies are related to turnover and can impact ITC eligibility.
    1:11:09 Refund under GST is available to suppliers who meet certain criteria.
    1:14:57 Refund of Rs 10 lakhs under GST
    1:16:45 Domestic value should be considered instead of 10 lakhs
    1:20:44 Refund can be claimed for goods exported without payment of GST
    1:22:29 Inverter duty is not applicable due to lower input tax rate
    1:27:06 Refund process for accumulated Input Tax Credit (ITC) under GST
    1:28:50 Input services will not be considered.
    1:32:39 Inverted duty supply example with electronics manufacturer and rates of goods
    1:34:33 Tax rate on output is 28%
    1:38:03 The minimum refund amount will be worth 2.5 lakhs
    1:39:42 Refund process under GST
    1:44:14 Refund process and timeline for GST
    1:45:52 Refund process under GST with exceptions.

  • @margiemavani
    @margiemavani 10 месяцев назад +22

    FAR better than regular batches where hours are more and content is less🙄🙄🙄🙄

  • @SAA_1585
    @SAA_1585 5 месяцев назад +10

    00:02 Import and export (includes OIDAR Services and Zero rated supply)
    34:30 Refund

  • @ashishkanojia8592
    @ashishkanojia8592 Год назад +39

    Hats off sir. Man'na padega.. Far better than my Regular lectures. You guys are on Mission. 💯

  • @meghasingh5791
    @meghasingh5791 Год назад +27

    Refund chapter - 34:19

  • @kaustubhjain4021
    @kaustubhjain4021 Год назад +16

    This guy! Legend. IDS and ZRS refund were never so easy

  • @deepaksoni7617
    @deepaksoni7617 11 месяцев назад +46

    I don't think, Other faculties can match the level of conceptual clarity of this revision video even in their regular batch.

  • @parthmehta213
    @parthmehta213 Год назад +18

    14:45 Zero rated supply including difference of ZRS with Bond/LUT (Without payment of tax) vs ZES by payment of Tax
    28:55 deemed export

    • @parthmehta213
      @parthmehta213 Год назад +4

      31:21 merchant export
      34:20 Refund starts
      50:05 Detailed procedure of refund in case of Zero Rated Supply (Export/ Supply to SEZ) by Payment of Tax(Without Bond/LUT)
      54:24 Detailed procedure of refund in case of deemed export
      57:33 Refund of unutilised ITC
      1:13:42 Example
      1:19:00 Circular on goods sent outside india on sale of approval basis
      1:22:25 Rule 89(5)Refund of Accumulated ITC in case of inverted duty stucture
      1:37:35 maximum refund allowed in 89(4) and 89(5)

    • @parthmehta213
      @parthmehta213 Год назад +3

      1:39:50 Refund of Foreign embesy / UN

    • @parthmehta213
      @parthmehta213 Год назад +3

      1:42:50 Detailed procedure of refund in case of

  • @nadiyasheikh772
    @nadiyasheikh772 Год назад +10

    Thank you so much sir... Aapne bacha lia warna revision me bhot problem ane wali thi.. aapko dua lagegi humari🙏

  • @parthmehta213
    @parthmehta213 Год назад +8

    This chapter was fobia for me. now its damn easy and scoring. Exemption pakka

  • @ca_soft_lion
    @ca_soft_lion Год назад +5

    57:33 Refund of ZRS w/o payment rule 89(4)
    1:22:22 Refund incase of IDS rule 89(5)

  • @arhamvaidmehta8309
    @arhamvaidmehta8309 Год назад +5

    29:36 Deemed Export
    29:36 Merchant exporter

  • @parthmehta213
    @parthmehta213 Год назад +22

    Scret of higher result in G2 is nothing but Atul Agarwal and team # Truely it prepares you for AIR1 as per its name AIR1CA Academy 😇

  • @Sankhla_yash01
    @Sankhla_yash01 Год назад +13

    1:26:00 Inverted Duty Structure

  • @parthmehta213
    @parthmehta213 Год назад +15

    very much better than 15-16000 Rs. feculty

  • @Sigmashu09
    @Sigmashu09 3 месяца назад +1

    Me regular lectures nhi dekh skta me ca bhi nhi kr rha but gst ki knowledge lene k liye aapke revision lectures dekh rha hu😂😂😂 really it's great i'm learning more and more day by day

  • @ss_Archives
    @ss_Archives 9 месяцев назад +1

    Refund Under GST - 34:19

  • @tespinance7074
    @tespinance7074 5 месяцев назад +1

    00:25:37 * All Registered Person except prosecuted for >250 lac

  • @yashjain3930
    @yashjain3930 4 месяца назад +1

    Hats off to Atul sir khana se mile gst ke sir matlab bhai study karne maja aajata ...sahi bata raha hu pehele baki faculties ko dekh bohot bor marta tha aab jo change aaya hai mera study me .....maza aagaya❤❤

  • @CA_Mansi
    @CA_Mansi Год назад +3

    itna tuff chapter itna aache se pdaya !!!! hats off sirji

  • @rahultiwari5364
    @rahultiwari5364 5 месяцев назад +1

    Sir aaj mujhe pta chala ki koi aur bhi hai jo IDT ko itna aache tareeke se samjha sakata hai.
    Aapke revision video se pahle maine kis aur ka revision delh rha tha 2-3 chapter kar bhi liya tha but utna clarity nhi thi.
    But aaj aapke is video se bahut hi aache se samjh aa rha hai. Ab toh mai aapke hi revision videos se apna idt complete karunga. Thank you so much surender sir and all other facilities of AIR 1 CA. aap log bahut accha padate ho.saara subjects aapka accha hai❤

  • @rahulyp837
    @rahulyp837 Год назад +8

    Really helpfull..
    He has put all his efforts to explain everything

  • @aryanaryan9409
    @aryanaryan9409 3 месяца назад +22

    Bhai mein ₹ 18500 spent karke ek celebrity faculty se classes liya tha lekin sach bol rha mera IDT ka conceptual clarity yaha Atul bhai k channel mei clear hua hai....uss celebrity faculty ne mera time aur money dono waste kiya!

    • @sandippandey2052
      @sandippandey2052 3 месяца назад +2

      same here*VB😂

    • @enter10mentCA
      @enter10mentCA 2 месяца назад +1

      Vishal bhattad hi boldo😂

    • @sandippandey2052
      @sandippandey2052 2 месяца назад

      @@enter10mentCA 😂😂😂👏

    • @lethal_vamp1998
      @lethal_vamp1998 2 месяца назад

      Chal na be... teacher ka padhaya va samajh ni aaya kmse km apmaan toh mt kr ksi k promotion k lye 😂😂. Trese CA paar nai padni tu bs attempt dekr CA chodne vaalo m se naa hojae kuki glti teacher ki nai tere dimag ki h jo shayd hai nai or fr log icai ko dosh dete hai 😂😂

    • @trishkor-yd4fq
      @trishkor-yd4fq 2 месяца назад

      Same here bro..

  • @bikaspandit8192
    @bikaspandit8192 Месяц назад

    1:13:33 Example of Refund calculation

  • @nishabansal9074
    @nishabansal9074 2 месяца назад +1

    Sir the revision videos as well as the notes are too good... The level of clarity teachers don't even provide i regular batches whichhave been summed up in these revision videos

  • @eshanjain8571
    @eshanjain8571 3 месяца назад

    00:02 Import and export
    34:30 Refund

  • @ektag2776
    @ektag2776 Год назад +6

    aap pehle aaye hotey toh aapke he full lectures lete sir!

  • @dhavalsoriya9896
    @dhavalsoriya9896 9 месяцев назад

    00:14 import export under gst
    34:28 refund umder gst

  • @VishalAManglani
    @VishalAManglani 9 месяцев назад +1

    Way good than the faculty which I paid for over 12000. Truly a wonderful experience from @surender mittal sir. Thanks a lot #AIR1CA Team

  • @Cleaningovergrown
    @Cleaningovergrown 4 месяца назад

    Refund chapter starts from 34:27

  • @amoddubey4982
    @amoddubey4982 Год назад +4

    I think.. please correct me if I am wrong
    Time limit is 18 months from Relevant date and not 2 years....in case of UIN holder

    • @GMsalvii
      @GMsalvii Год назад +1

      I think it is 2 YEARS plz check

    • @pranaychiwande6457
      @pranaychiwande6457 Год назад

      It has been
      changed from may 23 attempt and onwards now it is 2 years

  • @tusharvijay9601
    @tusharvijay9601 Год назад +1

    bond/lut -96A 22:00

  • @GoldenSunrise2190
    @GoldenSunrise2190 2 месяца назад

    1:09:57 demmed export

  • @mubashircm9490
    @mubashircm9490 4 месяца назад

    01:31:55 - Formula explanation

  • @poonambaghela1397
    @poonambaghela1397 Год назад +2

    In case of deemed export ....supplier recovers the gst from recepient?

    • @VivekSharma-yi5wx
      @VivekSharma-yi5wx Год назад

      Yes, supplier recovers from recipient. Thats why recipient has option to claim ITC.

  • @kingashish4579
    @kingashish4579 Год назад +2

    At 1:43:33 Refund order should be issued within 60 days (isme koi circular aya tha na sir ki 60 days ke credit in bank ho jana chaiye, then accordingly, all authorities changed the limit of 60 days to 45 days)
    To fir. Refund Order ki limit should be considered 45 or 60? Apne sirf 60 days discuss kiya

    • @air1casurender
      @air1casurender Год назад +5

      Consider 60 days only that was just a instruction to officers by CBIC not relevent from exam point of view

    • @kingashish4579
      @kingashish4579 Год назад

      @@air1casurender thanks bhai

  • @HarshGupta-ew8dx
    @HarshGupta-ew8dx 4 месяца назад +2

    Such a comprehensive video with detailed explanation of all the provisions in a very short time frame. Thank you for making it simple to grab, sir.

  • @beaspired1907
    @beaspired1907 9 месяцев назад +1

    Feeling highly satisfied All concepts are crystal clear was confused between supply with bond lut & when w/o bond lut reading concepts after this lecture is super easy hope to score good in may 2024 Thank you sir 😊

  • @tanujsharma3977
    @tanujsharma3977 Год назад +1

    Thank you so much IDS ka new wala part clear nahi hua tha now cleared

  • @manujdangayach3262
    @manujdangayach3262 2 месяца назад

    Till 50:00 just basic concepts (note 4 myself)

  • @CAsaikiranpanchala
    @CAsaikiranpanchala 8 месяцев назад

    00:34:18 refund chapter starts

  • @honeychaturvedi6676
    @honeychaturvedi6676 10 месяцев назад +5

    Crisp and to the point revision with practical examples.
    💯 Thankyou so much sir.

  • @subhamagarwal4091
    @subhamagarwal4091 Год назад +1

    Start of Refund Revision........50:00

  • @Vaishnav-ng2lq
    @Vaishnav-ng2lq 2 месяца назад +1

    Radhe Radhe 💯
    Hats off to ur teaching 🎩💯

  • @Gautam-f4c
    @Gautam-f4c 2 месяца назад +1

    U MADE THIS CHAPTER SO EASY

  • @sourabhkhetan6205
    @sourabhkhetan6205 2 месяца назад +1

    Radhe-Radhe💙

  • @sourabhrawat4179
    @sourabhrawat4179 2 месяца назад +1

    starting to 34:20 - Import and Exports
    34:20 - Refund starts

  • @sruti5679
    @sruti5679 Год назад +1

    OIDAR 4:08 end 9:29

  • @CAPRATIMA
    @CAPRATIMA 7 месяцев назад

    Bond/lut : 22:00

  • @agrawalrocks4725
    @agrawalrocks4725 2 месяца назад

    58:00 rule 89(4)

  • @subhamagarwal999
    @subhamagarwal999 7 месяцев назад

    1:22:28 inverted

  • @devendradiwan7950
    @devendradiwan7950 8 месяцев назад

    34:30 Refund Revision

  • @xxcrap
    @xxcrap 8 месяцев назад

    09:30 Export under gst

  • @ishanhardia
    @ishanhardia 2 месяца назад

    1:19:00 LDR

  • @catalkswithnoor1758
    @catalkswithnoor1758 4 месяца назад

    21:51 bond / Lut

  • @saloniagarwal5652
    @saloniagarwal5652 Год назад +2

    Explained in a very simple manner. Amazing.

  • @shahistameherally8544
    @shahistameherally8544 9 месяцев назад +2

    Flawless explanation 👌

  • @pujarevankar8198
    @pujarevankar8198 3 месяца назад +1

    Thanku sir,
    For clearing concepts in less time🤝

  • @harshitaaggarwal5799
    @harshitaaggarwal5799 2 месяца назад

    Radhe radhe sir. Sir exam mei answer kaise likhna hai. Mujhe concept clarity h or key words bhi pta hai but question bank ke answers mei bahut sara content likha hai, kya exam mei question bank vala content likhna hoga ya conceptually answer frame krke likh sakte h? Please reply sir, I have my first attempt in Nov 24.

  • @CAFinal-mr8ko
    @CAFinal-mr8ko 8 месяцев назад +1

    Day-3/12 Radhe Radhe❤

  • @Lishasoneja
    @Lishasoneja 6 месяцев назад

    Sir goods imported by sez and import of baggage are exempt from IGST or not because in the updated notes it’s different

  • @manish00010
    @manish00010 4 месяца назад +1

    refund 34:25

  • @tanishqjain132
    @tanishqjain132 Год назад

    3:55 OIDAR services
    28:33 If Export ke liye kisi maine Foregin ki help li, to deemed full realisation Maan liya jaayega

  • @RahulChachada
    @RahulChachada Год назад +2

    Dil se shukriya sir ji❤

  • @chiragpatel6244
    @chiragpatel6244 Год назад

    Doubt.... Adjusted total turnover me t/o of service inculde nai hogi ..... To fir eg me kau include kiya hai ?

    • @air1casurender
      @air1casurender Год назад

      Include hoga

    • @chiragpatel6244
      @chiragpatel6244 Год назад

      @@air1casurender kese bhai ... To fir notes me to na bola hai

    • @air1casurender
      @air1casurender Год назад

      Ek baar ache se fir dekho usko exclude karke firse include Kiya h

  • @ShravanKumar-qx1kc
    @ShravanKumar-qx1kc Год назад +1

    students need this type of explanation and clarity, his other chapter's video doesn't have that. What Atul sir does is this kind of revision, he will make students understand the concept even though they are first time listening for that subject. Surender did the same in this revision. Thank you

  • @ITISHAJAIN-b6e
    @ITISHAJAIN-b6e 2 месяца назад

    34:30 Refund

  • @ca.keshavmittal
    @ca.keshavmittal Год назад

    REFUND 34:00
    54:41

  • @rajivbhatt2713
    @rajivbhatt2713 Год назад

    sir when will be start yr new batch for May 2024 ca final IDT?

  • @PankajSahu-zd4xn
    @PankajSahu-zd4xn Год назад +2

    Jai Siya Ram har har Mahadev Jai maa Kali 🙏🙏🚩🚩🙏🙏

  • @shalvipatil217
    @shalvipatil217 Год назад

    34:39 refund chapter

  • @CMAwings.
    @CMAwings. Месяц назад +1

    Amazing revision ❤

  • @aneesabegum4056
    @aneesabegum4056 8 месяцев назад

    Refund Chapter 34:11

  • @dhruvteja465
    @dhruvteja465 8 месяцев назад +1

    Tq is a small word for ur explanation sir 🔥👏

  • @caharshitagarwal
    @caharshitagarwal Год назад +2

    sir, export of service ke case mai hum capital goods ke ITC ka refund le sakte hai kya??

    • @murlikumbhkar2752
      @murlikumbhkar2752 Год назад

      Haa le skte he but capital goods ke itc ka refund nhi le skte he

    • @meghnarastogi3161
      @meghnarastogi3161 Год назад

      Capital goods ka refund ya uske itc ka refund
      Pls clear

    • @caharshitagarwal
      @caharshitagarwal Год назад

      @@meghnarastogi3161 ITC ka refund

    • @kajaltarway
      @kajaltarway Год назад

      Capital goods ka ITC le skte h ..but refund nhi le skte

  • @Cmakunal2023
    @Cmakunal2023 2 месяца назад

    21:45 bond lut

  • @agrawalrocks4725
    @agrawalrocks4725 2 месяца назад +1

    Thank youu sirr!!

  • @harshitaaggarwal8070
    @harshitaaggarwal8070 8 месяцев назад

    12:00 EODP

  • @chethanabhat6322
    @chethanabhat6322 10 месяцев назад

    9:35 export of G & S

  • @rishabsuvarna1878
    @rishabsuvarna1878 Год назад

    Deemed export (refund) 54:41

  • @akshitajain397
    @akshitajain397 3 месяца назад

    34:00 refund

  • @namratamobarkar732
    @namratamobarkar732 4 месяца назад +1

    you teach so amazing! after trying everything i finally got this perfect revision lectures.. Thank you so much for you handwork and this free content!

  • @dhavalsoriya9896
    @dhavalsoriya9896 Год назад +2

    Thank you so much 🙏🙏 maja aa gaya 😅

  • @mohammadanas6757
    @mohammadanas6757 Год назад

    Interest 1:44:00

  • @harshadbaranwal8052
    @harshadbaranwal8052 9 месяцев назад +1

    Thank you so much Sir 🙏😊

  • @anshsankhla7828
    @anshsankhla7828 Год назад

    Sir is this topic Rule 96 - 50:15 ??

  • @niveditanaidu5558
    @niveditanaidu5558 Год назад +1

    Explained every point so well !! Thank you Sir.

  • @Yoyo098
    @Yoyo098 8 месяцев назад

    34:32 refunds

  • @rashugupta8656
    @rashugupta8656 3 месяца назад

    OIDAR Service 4:03

  • @Mathslearner987
    @Mathslearner987 9 месяцев назад

    Refund 34:30

  • @vaibhavmarwah8789
    @vaibhavmarwah8789 9 месяцев назад

    56:29 (89)4a

  • @Adiii.9
    @Adiii.9 Год назад

    1:17:00
    1:41:25
    1:30:01

  • @abhayaagrawal2321
    @abhayaagrawal2321 7 месяцев назад

    34:27 refund

  • @saumyatripathi9429
    @saumyatripathi9429 8 месяцев назад +1

    Thank u so much sir 👍👍best faculty

  • @aaokuchbaatkre2350
    @aaokuchbaatkre2350 Год назад

    pos outside india and recipient in india, whether it will be exports?

  • @singhkajal-hu5wz
    @singhkajal-hu5wz 8 месяцев назад

    Refund 34:26

  • @ruchitabhartiya3020
    @ruchitabhartiya3020 Месяц назад +1

    Sir mjaa aajata h aapse pdhkr

  • @ashwanijaiswal6635
    @ashwanijaiswal6635 Год назад

    Sir frst of all apko dil se dhanyawaad i am so grateful to you
    Second, Sir ye same notes channel p available ni hai .Mujhe y notes chiye kha se milenge ?? Plz btaiye

  • @jollysharma9389
    @jollysharma9389 13 дней назад

    1:32:32

  • @GurmeetSingh-sw9ot
    @GurmeetSingh-sw9ot Год назад +3

    Thank you sir, 🙏🙏